Mubadala Offers 22 Million GlobalFoundries Shares to Raise $1.91 Billion
Updated
Updated · Bloomberg · May 26
Mubadala Offers 22 Million GlobalFoundries Shares to Raise $1.91 Billion
1 articles · Updated · Bloomberg · May 26
Mubadala Investment Co. is marketing a 22 million-share block of GlobalFoundries stock in an unregistered sale aimed at raising about $1.91 billion, according to people familiar with the matter.
The shares are being offered at $86.30 to $86.80 each, setting the pricing range for the stake sale.
Morgan Stanley is handling the offering, which would monetize part of Abu Dhabi’s sovereign wealth fund’s holding in the chipmaker.
Why is Abu Dhabi's fund selling $1.9B in chip stock just after the company reported strong results?
After a $249M fraud fine, can Morgan Stanley be trusted to execute this massive block trade without leaks?