Negative
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Proactive Investors
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about one month ago
Intel Corp (NASDAQ:INTC, XETRA:INL) priced roughly $20 billion in new equity this week, a move analysts at BofA Securities said reflects growing confidence in the chipmaker's foundry business rather than a defensive balance-sheet play. The bank estimates the offering, which includes a 15% greenshoe option, will dilute earnings per share by about 4-5% on the higher share count.