Mubadala Offers to Sell $950 Million of GlobalFoundries Shares [Yahoo! Finance]
GlobalFoundries Inc. (GFS)
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg These Flight Routes Suffer the World's Worst Turbulence Citi Trader Got 711 Warning Messages Before Sparking Flash Crash One Dead After Singapore Air Flight Hit By Severe Turbulence Nvidia Forecast Shatters Estimates as AI Boom Stays Strong The Abu Dhabi investment fund's subsidiary is offering to sell shares for $50.75 to $52.50 each, according to terms of the deal seen by Bloomberg News. The company intends to buy back $200 million of the shares at the offering price, an earlier statement shows. The price range represents a discount of 4.9% to 8% to the $55.21 per share closing price on Wednesday of GlobalFoundries' shares, according to Bloomberg calculations. GlobalFoundries' shares have fallen 8.9% so far this year, valuing the company at about $30.5 billion. Mubadala is GlobalFoundries' largest shareholder with an 85% stake before this sale, according to data compiled by Bloomberg. Representatives for Mubadala and GlobalFoundries didn't i
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GFS
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- 5/29/24 - Form SD
- 5/28/24 - Form 6-K
- 5/24/24 - Form 424B7
- GFS's page on the SEC website