Intel completes Shiva deal

Intel’s purchase of networking vendor, Shiva, has at last been completed. The deal will see Shiva rolled into the Intel Networks division to form a new company Intel Network Systems. Shiva shareholders will be offered $6.00 in cash for each outstanding share of common stock. Announced back in October,the deal soon encountered opposition from Shiva shareholders who alleged Shiva and its directors had not acted with shareholders’ best interests in mind when negotiating with Intel. ®