SAN JOSE (dpa-AFX) - Cadian Capital Management, TIG Advisors and several other shareholders of Altera Corp. (ALTR) sent letters to the company's management, urging them to resume takeover talks with Intel Corp. (INTC), Bloomberg reported citing people with knowledge of the matter.
The letters question Altera's ability to create enough value on its own to match Intel's offer
Last week, CNBC reported that takeover talks between Intel and Altera ended after the companies failed to reach an agreement on price.
Intel reportedly bid about $54 per share for Altera Last week.
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