Intel Completes Initial Tender Offer for Alameda's Wind River Systems

Santa Clara, Calif. -- Intel, the Santa Clara-based chip-making giant, said on Friday that its tender offer for shares of Alameda-based Wind River Systems has expired, with the company acquiring 89% of its outstanding shares. Intel paid $11.50 each for 69 more shares of Wind River, a developer of software for embedded computing systems. The company now plans to launch a second offering to acquire all remaining shares. That offering will expire on Wednesday, when the companies will complete their deal and Wind River's stock will cease trading on the Nasdaq Global Select Market. Intel said that the acquisition, first announced in June, will allow it to grow its processor and software presence outside the traditional PC and server markets.
http://www.intel.com  
http://www.windriver.com   
http://www.intel.com/pressroom/archive/releases/20090710corp.htm?iid=pr1_releasepri_20099710r