A standstill agreement Intel Corp. (INTC) signed with Altera Corp. (ALTR) earlier this year expires on June 1, freeing Intel to make a takeover bid, Reuters reported Thursday on its website, citing people familiar with the matter.

Altera earlier this month rejected an unsolicited $54-a-share offer from Intel, the people told Reuters.

Full story at: www.reuters.com/article/2015/04/30/us-altera-intel-standstill-idUSKBN0NL2IZ20150430

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