Deals
AMD Gains on Speculation It May Be Takeover Target
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Advanced Micro Devices Inc., the second-largest maker of processors for personal computers, rose in New York trading on speculation that the departure of top executives has made it an acquisition target.
“There is no management team there,” said Patrick Wang, an analyst at Wedbush Securities in New York. There is some “chatter” that the company is up for sale, he said. “It’s a far-fetched possibility.”