05:51 AM EDT, 08/26/2024 (MT Newswires) -- Intel ( INTC ) has retained Morgan Stanley ( MS ) to defend itself from activist investors, CNBC reported late Friday, citing unnamed people familiar with the matter.

Financial terms of the arrangement were not published. CNBC said it remains unclear whether any investors are taking action against the company's management.

Intel ( INTC ) and Morgan Stanley ( MS ) did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 20.66, Change: +0.12, Percent Change: +0.58