MARKHAM, Ontario – October 13, 2006 – ATI Technologies Inc. (TSX: ATY, NASDAQ: ATYT) shareholders voted overwhelmingly today to approve the proposed acquisition of all outstanding common shares of ATI by an indirect, wholly-owned subsidiary of Advanced Micro Devices, Inc. (AMD). More than 99 per cent of the votes cast by shareholders were in favor of the transaction. No ATI shareholders have exercised rights of dissent in connection with the proposed acquisition.
This is one of the smallest press releases to come out of AMD, but one of the most important. Shareholders agree to the acquisition, so now they only need the courts approval. It’s unlikely that there will be any sort of objection, so the acquisition should be finalized on Oct 23… just 10 days away.