Business & Finance

Reuters reveals hedge fund Third Point urges Intel to explore deal options; market reacts

Reuters broke the news that activist hedge fund Third Point LLC was pushing the company to explore strategic alternatives, including whether it should keep chip design and production under one roof.

Market Impact

Intel Corp shares rose as much as 9% after the news was broken.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story