Tag: sources

2024-10-19

Intel seeks billions for minority stake in Altera business, sources say

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Business

Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel is looking to sell at least a minority stake in its Altera unit in a…

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2024-10-01

Major CVS shareholder plans activist push, meet with execs: sources

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Business

Glenview Capital, a major CVS Health shareholder, is expected to meet with company leadership on Monday to lay out proposed fixes for the struggling business, according to people familiar with the matter, a potential precursor to an activist push. The hedge fund has established a sizable position in the company, said some of the people. Glenview invests in a…

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2024-08-26

Intel has hired Morgan Stanley to defend against activists: sources

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Business

A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California.  Justin Sullivan | Getty Images News | Getty Images Intel is working with advisors including Morgan Stanley to help defend itself against activist investors, according to people familiar with the matter, as CEO Pat Gelsinger attempts to turn around the struggling chipmaker….

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