Tuesday, May 8, 2007

IBM selling up to $85 mln in Lenovo shares

(Reuters) - Lenovo shares dipped 0.32 percent on Tuesday to close at HK$3.13 each before the share sale hit the market.

Tuesday's share sale follows a similar move in February, when IBM, Lenovo's second largest shareholder after the Chinese government, raised US$123 million by selling 300 million shares at HK$3.20 each.


Read more at Reuters.com Mergers News

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