AMD's acquisition of ATI inches forwards

AMD is one step closer to acquiring ATI. The proposed takeover has been approved under the Investment Canada Act, satisfying one of the conditions to completing the acquisition. There are still a few more hoops to jump through, but the deal is expected to become final the week of October 23rd. "In order to convince the Minister of Industry AMD has committed to expanding its research and development in Canada and will nominate a Canadian citizen for election to AMD's board."