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AMD-ATI Merger Going Smoothly
Posted by Brian Viele Categories: Corporate News
AMD has confirmed this week that the merger with ATI has been approved by Canadian antitrust laws and regulations. The merger has been in the works since earlier this year, but the process was on hold pending this decision by the Canadian government. US and German approvals have already been satisfied, so there is just one more step to complete the process, an ATI shareholder’s meeting scheduled for October 13th of this year in Toronto.
Executive at AMD are very pleased with this progress and expect the same result from the upcoming shareholders meeting. Both companies have begun working on planning the integration process and even potential programs for the combined organization. These unified programs should start by 2008 according to both AMD and ATI.
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| IT News Online
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