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

AddThis Feed Button

March 30th, 2006 Leave a comment Visited 28 times, 1 so far today

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

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.

This offering of the shares of Class A common stock may be made only by means of a prospectus, a copy of which can be obtained from the offices of Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New York, NY 10004. Tel: (212) 902-1000.

Read the complete Press Release





TechWhack on Facebook

Comments are closed.

Related Posts

Popular Posts

blank