AMD share sold
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POSTER: computer news || AMD SHARE SOLD |
DATE:2007-11-17 |
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AMD company this week, filed an application with American Commission on Securities and Stock Market for the sale of ordinary shares with total value of $ 700 million . Money Received from the shares sale will be used to replenish working capital, as the capital costs for acquisitions in the securities market, as well as to repay debts. AMD Long-term debt obligations is equal to $ 5,3 billion The entire package sold can be acquired by Mubadala Development company ( Abu Dhabi ). This company represents the interests of United Arab Emirates government investment . Buyers of the whole package will receive 9% of AMD companies shares . Buying a large stake AMD by foreign company must obtain approval from the supervising American. Appropriate Commission may simply prohibit the transaction if it considers that the results represent a threat to the national security of the United States. As it became known later from the official press release on AMD site , the company named above ( from Arab Emirates ) has really become the newly issued shares of AMD worth $ 622 million . From this amount, AMD received $ 608 million, the remaining funds went for the necessary payments. | ||
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AMD SHARE SOLD |
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