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U.S. government takes 10% stake in Intel

(www.cnbc.com)
607 points givemeethekeys | 1 comments | 22 Aug 25 21:01 UTC | HN request time: 0s | source
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voxadam ◴[22 Aug 25 21:29 UTC] No.44990041[source]▶
Intel press release:

https://newsroom.intel.com/corporate/intel-and-trump-adminis...

replies(1): >>44990541 #
robocat ◴[22 Aug 25 22:17 UTC] No.44990541[source]▶
So no shareholder vote required?

It is equivalent to a 10% dilution (shares issued for no extra cash).

replies(2): >>44990602 #>>44990687 #
1. parliament32 ◴[22 Aug 25 22:30 UTC] No.44990687[source]▶
No, the shares already existed, they were just held by Intel. According to their most recent 10-K, 10 billion shares of common stock are authorized, but only 4.33 billion were issued and outstanding.