Intel announces USD 15 billion common stock offering - INTC News | RalliesIntel announces USD 15 billion common stock offering
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INTC• Intel launches USD 15 billion common stock offering
- Intel launched a USD 15 billion underwritten public offering of common stock.
- Net proceeds are earmarked for general corporate purposes, including capital expenditures and working capital.
- Underwriters have a 30-day option to buy up to USD 2.25 billion of additional shares.
- The deal is led by J.P. Morgan, Goldman Sachs, Morgan Stanley and Citigroup as joint book-running managers.
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