Intel shares are up 5.3% in the after-market trading on a Softbank agreement to buy US$2 billion in Intel common stock for $23, a slight discount to the closing market price of $23.66. It’s unclear if the deal is a cash injection and new issuance of Intel stock. Intel called it a “definitive securities purchase agreement” which could mean new or existing shares. New shares would mean a $2 billion cash injection into Intel, otherwise, the money goes to the share seller. 1/2 $Intel(INTC.US) $Taiwan Semiconductor(TSM.US) #Softbank #semiconductors
Source: Dan Nystedt
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