Re:AMD Receives Approval for Acquisition of Xilinx
by wheybags on Thursday February 10, 2022 @11:45AM
(#30288821)
It's possible they offered shares behind closed doors and were turned down though.
Re:AMD Receives Approval for Acquisition of Xilinx
by ZetaZero on Monday February 14, 2022 @12:44PM
(#30335164)
Right, but AMD could have issued shares to the public, then paid cash with the proceeds, if ATI insisted. We don't really know what happened.
Re:AMD Receives Approval for Acquisition of Xilinx
by marcofatica on Thursday February 10, 2022 @03:01PM
(#30291651)
AMD still uses GloFo
IMO, the strategic error was AMD paying a bunch of cash for ATI, instead of an all stock deal. In 2006, with their stock near the all time high (~$40) AMD decided to borrow $2B instead. Six months later, AMD is issuing shares at $14 to meet expenses. Two years later, AMD is trading at $1.50, and on the verge of bankruptcy. In retrospect, AMD's outcome could have been vastly different if they had done the all-stock deal in 2006, or even issued shares instead of borrowing.