Intel CEO to buy $12 million in company stock in recent stock offering

Investing.com -- Intel Corporation (NASDAQ: INTC) disclosed that Chief Executive Officer Lip-Bu Tan and a family member will purchase $12 million of shares in the company's common stock offering at the public offering price.

The disclosure appeared in a prospectus supplement filed today related to Intel's $20 billion common stock offering.

Intel priced the underwritten public offering of 210,526,315 shares at $95 per share. The company granted underwriters a 30-day option to purchase up to 31,578,947 additional shares at the public offering price, less underwriting discounts.

The offering was increased to $20 billion from the previously announced size of $15 billion.

The offering is expected to close today.

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