IBM divorces Lenovo again with block trade

US computer giant books a loss selling $150 million worth of Lenovo shares in a block trade that ends an 11-year shareholding relationship with its Chinese competitor.
March 03, 2016

IBM ceased to be a shareholder in Lenovo for the second time in its history on Wednesday after executing a HK$1.17 billion ($150 million) clean-up trade.

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