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