HILLSBORO, Ore. and BEDFORD, Mass., Oct. 19, 1998 – Intel Corporation and Shiva Corporation today announced they have entered into a definitive merger agreement. The acquisition is aimed at rapidly expanding Intel’s networking product line with remote access and virtual private networking (VPN) solutions for the small to medium enterprise market segment and the remote needs of campuses and branch offices. The agreement states that each share of Shiva stock, other than shares held by stockholders who exercise statutory appraisal rights, will be converted into the right to receive $6 per share in cash.
Intel (NASDAQ: INTC), a leader in the semiconductor industry, is shaping the data-centric future with computing and communications technology that is the foundation of the world’s innovations. The company’s engineering expertise is helping address the world’s greatest challenges as well as helping secure, power and connect billions of devices and the infrastructure of the smart, connected world – from the cloud to the network to the edge and everything in between. Find more information about Intel at newsroom.intel.com and intel.com.
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