Shares Of ATI (ATYT) Jump Nearly 20% This Morning
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If you own shares of ATI Technologies then get up and do a little happy dance right night before reading the rest. Shares of ATI are up this morning $2.77 (16.73%) trading at $19.33. Not a bad start to the week for ATI!
The reported $5.4 billion price tag would mark an almost 29% premium to ATI’s market capitalization of about $4.2 billion as of Friday. AMD is expected to pay mostly cash for Markham, Ontario-based ATI, with the remainder in AMD shares, the rumors over the weekend stated.
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