IBM (IBM) Plans to Sell ~$150M Worth of Lenovo Stock
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Price: $184.10 +1.05%
Overall Analyst Rating:
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Dividend Yield: 3.6%
EPS Growth %: +23.5%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 3.6%
EPS Growth %: +23.5%
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IBM (NYSE: IBM) is planning to sell up to $150 million of its stake in Lenovo Group, according to Reuters on Wednesday.
Specifically, IBM will offer 182 million Lenovo shares with a price range of HK$6.26 - HK$6.42. The price is a 6.4 percent discount to Lenovo's last closing price.
It wasn't made immediately clear how much of IBM's total stake in Lenovo was being offered.
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