Intel begins subsequent offering period for Wind River Systems shares

By Lisa Kerner

Charlotte, N.C., July 10 - Intel Corp. began a subsequent offering period to purchase the remaining outstanding shares of Wind River Systems Inc. for $11.50 per share.

The subsequent offering will end at midnight ET on Wednesday, according to an Intel news release.

Intel said a total of approximately 69.0 million shares of Wind River common stock, or approximately 89% of the company's outstanding shares, were validly tendered and not withdrawn in the initial offer that ended on Thursday.

The total number of shares tendered included about 6.4 million shares subject to guaranteed delivery procedures.

Intel said that once the subsequent offer is completed, it intends to acquire Wind River through a short-form merger.

As previously reported, Intel agreed to acquire Wind River for $11.50 per share in a deal valued at approximately $884 million.

Intel is a semiconductor chip maker based in Santa Clara, Calif.

Wind River, based in Alameda, Calif., develops, markets and sells operating systems, middleware and software development tools to develop, run and manage device products.

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