New York, June 01, 2015 -- Moody's Investors Service ("Moody's") affirmed Intel Corporation's A1 senior unsecured rating following today's announcement that Intel has signed a definitive agreement to acquire Altera Corporation for $16.7 billion in cash. Both boards of directors have approved the transaction, and subject to Altera's shareholder vote and customary regulatory and closing conditions, Intel expects the acquisition to close in the second half of calendar year 2015. The rating outlook remains stable.
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