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IBM Plans to Sell off Shares in Lenovo
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  • //english.dbw.cn  2016-03-04 10:26:57
     

    It is being reported computer giant IBM is planning to sell off its remaining shares of Chinese computer firm Lenovo.

    IBM is reportedly offering 182 million shares to investors at a price of 80-US cents each.

    This would net IBM around 150-million US dollars.

    Goldman Sachs is running the share sale.

    Neither IBM or Lenovo has made comment.

    IBM has been undergoing a restructuring, which has included massive job cuts, since last year

    Author:    Source:CRI    Editor:Yang Fan

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