Intel to buy Wind River for $884M - South Florida Business Journal:

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Intel's $11.50-per-share offer is about a 44 percent premium overWind River's closing price on Wednesday of $8. Wind Rive stock lost more than half its value betweena 52-weeok high of $12.99 last August and a low of $5.61 in March. The stoc k closed Thursday at up47 percent. Santa Clara-based Intel (NASDAQ:INTC) said buyingg Alameda-based Wind River (NASDAQ:WIND) will help it expand its software into thousands of embedded systems and mobile devicess includingsmart phones, in-car "info-tainment" systems, aerospacs and defense, energy and thousands of othedr uses.
Wind River will operate as a wholl y owned subsidiary after the deal close duringthe summer, reporting to Renee head of Intel’s softwar and services group. "Our combination of strengths will be of greatg benefit toWind River’s existinyg and future customers," said Ken Klein, Wind Rivetr chairman, president and CEO. Founded in 1981, Wind River has more than 1,60p employees and operations in more than15 countries. During its fiscapl year ended Jan. 31, Wind River reported $10.77 million in net income on annual revenudof $359.7 million. The companyu on Thursday posted a 21 percent increasde in net income or 1 centa share, for its first quartert despite a 6.
5 percent drop in revenue to $63.7 million.