The Register®

Original URL: http://www.theregister.co.uk/1999/03/01/intel_completes_shiva_deal/

Intel completes Shiva deal

Great Stan forms new subsidiary company

By A staff writer

Posted in Business, 1st March 1999 17:37 GMT

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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, (http://www.theregister.co.uk/content/archive/877.html)the deal soon encountered opposition (http://www.theregister.co.uk/content/archive/1436.html) from Shiva shareholders who alleged Shiva and its directors had not acted with shareholders’ best interests in mind when negotiating with Intel. ®