US Government Reportedly Won’t Participate In INTC’s First Stock Sale Since 1971
According to a Semafor report, U.S. Commerce Secretary Howard Lutnick approved Intel’s stock offering plan after CEO Lip-Bu Tan reached out to him last week, while the government decided not to participate in the raise. The government’s decision not to participate comes as Intel moves ahead with its upsized $20 billion stock offering. The stock offering … Read more