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

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6985440

by de6u99er • 29 days ago

15 6 29 days ago

PA

papers.ssrn.com

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6

goblinmeat672• 29 days ago

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

willmarch• 29 days ago

How did they get bailed?

dlcarrier2• 29 days ago

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.

halJordan• 28 days ago

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.

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