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Google seeking to raise up to 221 mln by selling Lenovo stock - IFR

Google seeking to raise up to 221 mln by selling Lenovo stock - IFR
Google seeking to raise up to 221 mln by selling Lenovo stock - IFR

Google Inc (GOOGL.O) is seeking to raise between $218 million and $221 million by selling shares in Chinese personal computer maker Lenovo (0992.HK), according to a deal term sheet seen by IFR on Wednesday.

Google is offering 371 million Lenovo shares in the range of HK$4.56 to HK$4.62 per share, a discount of up to 4 percent to the last traded price, the terms showed.

Morgan Stanley (MS.N) is sole bookrunner.

Representatives of Google and Lenovo were not available for immediate comment.(Reuters)

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