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Intel Prices $20B Upsized Stock Offering at $95 Per Share

Intel logoIntel
Sig3.15Sen+1.35Env0.00Soc0.00Gov0.00

Capital World Investors, Geode Capital Management and Morgan Stanley increased their Intel holdings during the fourth quarter. Intel priced an upsized $20 billion stock offering at $95 per share, increasing the share count and likely reducing near-term EPS by about 4% to 5%, with proceeds expected to support the company’s turnaround and growth plans.

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