Intel prices offering at 3% discount to Monday’s close
Intel on Tuesday said it would increase the size of its offering of new shares by an additional $5 billion to $20 billion.
The announcement, one day after the news of the equity offering sent its stock down by 4%, triggered another 1% decline in the chipmaker’s stock in early premarket trade.
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Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.