3 Merger and Acquisitions Stock Stories for Due Diligence
Intel Corporation (NASDAQ:INTC): Current price $22.30
The chip giant is acquiring Mashery, a seven-year-old San Francisco firm that specializes in linking together Web-based software and services, according to a company spokesperson to ReadWrite. Intel intends to offer the “majority” of workers jobs when the transaction closes, which should be in the second quarter. The group will stay in its present location and be integrated into Intel’s two-year-old Services Division. Financials were not divulged, but the deal is said to not be material to Intel’s financial results.
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