Altera Rejects Intel's Buyout Offer of About $54 a Share

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The Intel Corp. booth at the CEATEC Japan 2013 exhibition in Chiba City.

Photographer: Kiyoshi Ota/Bloomberg

Altera Corp. rejected an offer of about $54 a share from Intel Corp., breaking off talks to be acquired by the world’s largest chipmaker, people familiar with the negotiations said Thursday.

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