Advanced Micro Devices, Inc. (NASDAQ:AMD) is having a strong time in the market at the moment, and for good reason. There are rumors breaking that the company may be acquired, and these, unlike most market rumors, aren’t so vague. As a result, investor excitement is causing the stock to climb, prompting our partners at Trade Ideas to alert us to the movement. At the moment (11:05), AMD is trading at $14.56 per share after a gain of $0.40 per share (2.82%) thus far today.
AMD Rumored To Be Acquired By TXN
As mentioned above, Advanced Micro Devices is having a strong time in the market at the moment as rumors break. The rumor is that Texas Instruments Incorporated (NASDAQ:TXN) is interested in acquiring the company. The rumor even offers a price, suggesting that the acquisition will happen at or around $18 per share.
While the rumors that TXN is interested in acquiring AMD aren’t quite as vague as most rumors that we see surrounding takeovers in the market, they are still rumors. Without confirmation from either side, we can’t be sure that a takeover is going to happen.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping an incredibly close eye on AMD and TXN. After all, we’re interested in learning whether or not TXN will indeed acquire AMD. If they do, this would likely return incredible value to shareholders. We’ll continue to follow the story closely and bring the news to you as it breaks.
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