Intel nears upsizing share sale to $20 billion

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Intel is seeking to increase the amount it is raising in a share sale to about $20 billion, a third more than it was targeting when it announced the deal Monday morning, according to Bloomberg. The chipmaker is poised to price the offering at around $95 per share or above, which would represent a discount of 6.5% to Friday’s closing price, based on Bloomberg calculations.

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Intel Corporation
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Intel is raising $20 billion via a share sale at a discount, diluting existing shareholders.

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