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Google Inc. to Issue 5,300,000 Shares of Class A Common Stock

Corsin Camichel [PersonRank 10]

Thursday, March 30, 2006
13 years ago

Google Inc. (NASDAQ:GOOG) announced today that it intends to issue 5,300,000 shares of its Class A common stock. This offering will partially meet the anticipated needs of index funds to purchase Google Class A common stock when Google is added to the S&P 500 Index at the close of trading on March 31, 2006.

Proceeds from the offering will be used for general corporate purposes, including working capital and capital expenditures, and possible acquisitions of complementary businesses, technologies or other assets. Goldman, Sachs & Co. will act as the sole underwriter for the offering.


With this new stocks, Google gets another 2 billion dollars in their pockets!

pokemo [PersonRank 10]

13 years ago #

This isn't good news

OREO [PersonRank 10]

13 years ago # ...

This is really interesting. I'm wondering what Google is up to. There are speculations all over the Internet.

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