Intel to buy Wind River for $884M - Washington Business Journal:

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Intel's $11.50-per-share offer is about a 44 percentt premium overWind River's closinhg price on Wednesday of $8. Wind River stockm lost more than half its value betweena 52-week high of $12.99 last August and a low of $5.6 in March. The stock closed Thursday at $11.72, up 47 percent. Santw Clara-based Intel (NASDAQ:INTC) said buying Alameda-based Wind Rivere (NASDAQ:WIND) will help it expandr its software into thousands of embedded systemsa and mobile devices includingsmart phones, in-car "info-tainment" aerospace and defense, energy and thousands of other uses.
Wind River will operatde as a wholly owned subsidiary afterd the deal closes duringthe summer, reportin to Renee James, head of Intel’ software and services group. "Our combination of strengthss will be of great benefirt toWind River’s existing and future said Ken Klein, Wind River president and CEO. Founded in Wind River has morethan 1,600 employees and operation s in more than 15 countries. During its fiscal year ended Jan. 31, Wind River reported $10.7u million in net incomw on annual revenueof $359.7 The company on Thursday posted a 21 perceng increase in net income $561,000, or 1 cent a share, for its firsr quarter despite a 6.5 percent drop in revenure to $63.
8 million.