India, Nov. 2 -- Monday, Oracle Corp. (ORCL) announced its decision to offer $10 billion of shares of its common stock, par value $0.01 per share, along with an offering of $10 billion of senior notes.
The company intends to use the proceeds from the offering for general corporate purposes, which may include capital expenditures, repayment of indebtedness, future investments or acquisitions and payment of cash dividends or repurchases of its common stock.
Following this, the company's stock was trading at $123.81, down 5.25 percent on the NYSE.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....