IBM (IBM) Plans to Sell ~$150M Worth of Lenovo Stock

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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