Quote:
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.
/Quote
With this new stocks, Google gets another 2 billion dollars in their pockets! |
http://abcnews.go.com/Business/print?id=1787748
This is really interesting. I'm wondering what Google is up to. There are speculations all over the Internet. |
