Intel starts week as top gainer in Dow Jones on talk of $5 billion Apollo investment

Over the weekend, Apollo Global Management was said to offer $5 billion investment.

stock rose 3.3% on Monday, leading DJIA. Qualcomm was said to be interested in buyout last Friday. Analysts say regulatory hurdles too vast for acquisition. Intel stock was the best performer in the Dow Jones Industrial Average on Monday, besting the likes of Visa , Walmart and Boeing . Shares of the struggling semiconductor closed up 3.3% on the day as Apollo Global Management was in discussions to invest $5 billion. The Dow Jones ended the day up 0.

deal would be unlikely to garner regulatory approval, wrote Roy. Broadcom was also looking into a deal for Intel, but insiders on Saturday said they had decided against proposing any acquisition. Raymond James was also pessimistic about Qualcomm getting approvals: The speculated QCOM+Intel deal is unlikely to receive China regulatory approval in our view, given the recent M&A experience in the industry, wrote analyst Srini Pajjuri on Friday.

shares have yet to achieve any real gains. Intel stock needs to recover the $24.90 former support in order to get more bulls interested. The some of Intel's parts are worth much more than it is as a single entity with a poor balance sheet. But even still, you'd think all the acquisition talk would garner a bigger rally. If the talk grows more serious, than Intel shares should move back to the $30 range.

daily stock chart

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow sinks as much as 3% as market slides on triple witching dayDow (DOW), the holding company of Dow Chemical Company, was one of the worst-performing stocks in the Dow Jones Industrial Average (DJIA) on Friday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Fed speak ahead, Apollo's reported Intel investment plan - what's moving marketsFed speak ahead, Apollo's reported Intel investment plan - what's moving markets
Source: Investingcom - 🏆 450. / 53 Read more »

Apollo to offer multibillion-dollar investment in Intel, Bloomberg News reportsApollo to offer multibillion-dollar investment in Intel, Bloomberg News reports
Source: Investingcom - 🏆 450. / 53 Read more »

Apollo Considers Equity Investment in Struggling IntelAsset manager Apollo is reportedly considering making an equity-like investment in Intel to help the struggling chipmaker navigate a sharp decline in sales and potential cash crunch. The news comes as Intel embarks on a major restructuring plan, including job cuts and divesting some businesses.
Source: Investingcom - 🏆 450. / 53 Read more »