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Oracle Is Near $10 Billion Share Sale at 11% Discount

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EXCLUSIVE Oracle Is Near $10 Billion Share Sale at 11% Discount Oracle Corp. is poised to price the sale of $10 billion in shares at an 11% discount, according to people familiar with the matter, after the company’s stock price was dinged in a choppy session to start the week. The company is expecting to price the offering at $116 per share, the people said, asking not to be identified because the information isn’t public. At that level, the pricing would represent a discount from Friday’s...

EXCLUSIVE Oracle Is Near $10 Billion Share Sale at 11% Discount Oracle Corp. is poised to price the sale of $10 billion in shares at an 11% discount, according to people familiar with the matter, after the company’s stock price was dinged in a choppy session to start the week. The company is expecting to price the offering at $116 per share, the people said, asking not to be identified because the information isn’t public. At that level, the pricing would represent a discount from Friday’s close at $130.67 before the deal was unveiled.
Oracle (ORG) Oracle Corp. (ORG)
Originally published by Bloomberg Technology Read original →