Politics
Intel Is Said to Near Share Sale Upsize to Raise $20 Billion
Key Points
Intel Is Said to Near Share Sale Upsize to Raise $20 Billion Intel Corp. is seeking to increase the amount it’s raising in a share sale to about $20 billion, according to people familiar with the matter, a third more than it was targeting when it announced the deal Monday morning. The chipmaker is poised to price the offering at around $95 per share or above, the people said, asking not to be identified as the information isn’t public. At that level, the pricing would represent a discount of...
Intel Is Said to Near Share Sale Upsize to Raise $20 Billion
Intel Corp. is seeking to increase the amount it’s raising in a share sale to about $20 billion, according to people familiar with the matter, a third more than it was targeting when it announced the deal Monday morning.
The chipmaker is poised to price the offering at around $95 per share or above, the people said, asking not to be identified as the information isn’t public. At that level, the pricing would represent a discount of 6.5% to Friday’s closing price, according to Bloomberg calculations.