New York, June 01, 2015 -- Moody's Investors Service ("Moody's") placed Altera corporation's Baa1 senior unsecured rating under review for upgrade following the announcement today that Intel corporation plans to acquire Altera for $16.7 billion. 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 six to nine months.

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