INTC – Intel plans to buy back stock with $1.5 billion from sale of convertibles
July 22, 2009 by admin
Filed under Todays Watchlist
Intel Corporation http://WhisperFromWallStreet.com offers daily stock alerts to subscribers. Sign up for our free alerts newsletter. Intel Corp. stated they have sold 3.25 percent of their convertible notes for $1.75 billion. These notes are due in 2039. They outlined plans to buy back stock using up to $1.5 billion of these proceeds. Note holders would [...]