AMD'S PROPOSED ACQUISITION OF ATI RECEIVES APPROVAL UNDER INVESTMENT CANADA ACT
Subject: General Tech | October 13, 2006 - 08:36 AM | Jeremy Hellstrom
SUNNYVALE, CALIF. and MARKHAM, ONTARIO - Oct. 13, 2006 - Advanced Micro
Devices, Inc. (NYSE: AMD) and ATI Technologies Inc. (TSX: ATY, NASDAQ:
ATYT) today announced that the proposed acquisition of ATI by AMD has
been approved by the Minister of Industry under the Investment Canada
Act, satisfying one of the conditions to the closing of the acquisition.
"We are confident that our plans for the combination of AMD and ATI will
deliver world-class customer-centric solutions and will benefit Canada
and its future role in the technology industry," said AMD Chairman and
CEO Hector Ruiz. "We look forward to the successful completion of the
transaction that will generate new opportunities for both companies, the
employees and the communities in which we operate."
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