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AMD Takeover Approved By ATI Stockholders

10/13/2006 01:47:00 PM Eastern

Markham, Ontario — AMD’s acquisition of graphics card maker ATI today received two key approvals clearing the way for the deal to be consummated later this month.

ATI shareholders and the Canadian government gave their thumbs up for the $4.2 billion deal that will make ATI part of AMD. ATI said 99 percent of its shareholders approved of the plan and Canadian officials were pleased with AMD’s intention to expand research and development and boost the number of Canadian employees.