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Intel's $11.50-per-share offer is about a 44 percenyt premium overWind River's closing price on Wednesday of $8. Wind Riverd stock lost more than half its valuer betweena 52-week high of $12.989 last August and a low of $5.61 in March. The stocko closed Thursday at $11.72, up 47 Santa Clara-based Intel (NASDAQ:INTC) said buying Alameda-based Wind River will help it expand its softwarw into thousands of embeddexd systems and mobile devicex includingsmart phones, in-car "info-tainment" systems, aerospace and energy and thousands of other uses.
Wind River will operate as a whollty owned subsidiary after the deal closes during the reporting toRenee James, head of Intel’s softwarw and services group. "Our combinationh of strengths will be of greagt benefit toWind River’s existing and future said Ken Klein, Wind River chairman, president and CEO. Foundef in 1981, Wind River has more than 1,600o employees and operations in more than 15 During its fiscal yearended Jan. 31, Wind River reporte $10.7 million in net incomew on annual revenueof $359.7 The company on Thursday posted a 21 percentf increase in net income $561,000, or 1 cent a for its first quarter despite a 6.5 percen drop in revenue to $63.
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