AMD lifted by Gulf cash 1 All-round Country Edition

Mubadala Development, reflecting new activism by oil-rich investors, bought an 8.1 per cent stake in AMD, receiving 49 million newly issued AMD shares at $US12.70, the closing price of AMD stock on November 15. AMD expects to pay IBM as much as $US456 million as part of a manufacturing technology pa...

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Bibliographic Details
Published inThe Australian (Canberra, A.C.T.)
Main Author Don Clark and Chip Cummins, Additional reporting: Greg Hitt
Format Newspaper Article
LanguageEnglish
Published Canberra, A.C.T Nationwide News Pty Ltd 20.11.2007
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Summary:Mubadala Development, reflecting new activism by oil-rich investors, bought an 8.1 per cent stake in AMD, receiving 49 million newly issued AMD shares at $US12.70, the closing price of AMD stock on November 15. AMD expects to pay IBM as much as $US456 million as part of a manufacturing technology partnership by 2011, the filing says. In addition, AMD has commitments to Canada to increase research and development expenditure there as part of the pact to purchase ATI, then based in Ontario.
ISSN:1038-8761