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News

Reported Earlier, GlobalFoundries Prices $950M Secondary Offering Of Ordinary Shares At $50.75/Share, Including Concurrent $200M Share Repurchase

Author: Benzinga Newsdesk | May 23, 2024 02:14am

The Selling Shareholder is a wholly owned subsidiary of Mubadala Investment Company PJSC (which, together with its affiliates, is GlobalFoundries' largest shareholder).

GlobalFoundries has agreed to concurrently repurchase from the underwriters $200 million of the Selling Shareholder's ordinary shares that are subject to the offering at a price per share equal to the public offering price for the offering (the "Share Repurchase")

Posted In: GFS