Intel shareholder sues to void deal giving U.S. gov $11B in stock for free

goblinmeat67 17 hours ago | parent | next [-]

Get bailed then sue to not pay back? makes sense!

halJordan 4 hours ago | parent | next [-]

> alleges that the Trump administration extorted Intel into giving it 9.9% of its common stock, plus warrants for another 5%

Seems more like a shareholder is mad they were extorted. Which is a normal reaction to being extorted.

It literally doesn't cost you anything to open the link.

▲

willmarch 15 hours ago | parent | prev [-]

How did they get bailed?

▲

dlcarrier 13 hours ago | parent [-]

https://newsroom.intel.com/corporate/intel-and-trump-adminis...

It was going to be grants for various programs, but Intel wasn't meeting the requirements for those grants, so they renegotiated to sell stock instead of receiving the grants.

	▲	goblinmeat67 3 hours ago \| parent [-]
		Did they take the money? So they agreed to the extortion terms? Did the stock pump? Did they now say that wasn't a good deal? why did they not let intel go belly up?

▲

17 hours ago | parent | prev | next [-]

[deleted]

▲

17 hours ago | parent | prev [-]

[deleted]