The deal price could be as much as $54 a share, a 15 percent premium over Altera’s Thursday closing price of $46.97, the New York Post reported, citing a source close to the situation. Intel signed a standstill agreement earlier this year with Altera that expires on June 1, giving the world’s largest chipmaker the option to launch a hostile bid after that, Reuters reported in April, citing sources. Altera in April rejected an unsolicited $54 per share offer from Intel following months of negotiations, the sources told Reuters.