Oracle is near $10 billion share sale at 11% discount
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 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.
