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Short Take: Intel files to sell shares

Intel filed with the SEC to sell 80 million shares of common stock. The company estimated that net proceeds from the issuance of the stock, upon exercise of the warrants, to be worth $1.67 billion after deducting sale expenses. The company said the proceeds from the sale will be used for general corporate purposes.

Intel filed with the SEC to sell 80 million shares of common stock. The company estimated that net proceeds from the issuance of the stock, upon exercise of the warrants, to be worth $1.67 billion after deducting sale expenses. The company said the proceeds from the sale will be used for general corporate purposes.
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