View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 3, 1993updated 05 Sep 2016 2:44pm


By CBR Staff Writer

Intel Corp, Santa Clara has filed with the Securities & Exchange Commission for a public offering of five-year 1998 step-up warrants for 10m shares at a target $30 to $32 each. For the first year, the warrants will be exercisable at a price about 20% above the share price at the time of the offering. Annually thereafter, the exercise price will rise at a compounded rate of about 4% a year. Intel also filed a universal shelf registration of $3,000m, covering the sale of step-up warrants and the 10m shares of common issuable on exercise of the Warrants. After the warrants are issued, about $1,100m of the registration should be left for future securities offerings. The joint managers are Lehman Brothers and Morgan Stanley & Co Inc.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.