Lates News

Intel (INTC.O) announced today that the previously announced public offering of common stock has been priced. This offering includes 210 million shares of common stock, with a price of $95 per share. Intel has granted the underwriters a 30-day option to purchase up to an additional 31,578,947 shares of common stock. The size of this offering has been increased from the previously announced $15 billion to $20 billion, with expected settlement on August 12, subject to customary closing conditions. The offering is expected to generate approximately $19.7 billion in net proceeds for Intel, assuming the underwriters do not exercise the option to purchase additional shares.