Oracle Shares Close Down 8.76% as $20 Billion Financing Advances

Oracle shares closed down 8.76% on Nov. 2, while the company advanced a $20 billion stock-and-note financing package with final prices announced after regular trading. Shares ended at $119.22, down $11.45 from the Oct. 30 close of $130.67. They opened at $125.88 and traded between $118.43 and $126.50. Before trading began, Oracle filed a preliminary prospectus for a $10 billion common-stock offering that also described a separate concurrent $10 billion senior-note offering. Oracle announced pricing for the combined stock-and-note offering at 10:09 p.m. ET (03:09 UTC Nov. 3), after the market closed.

Source: TokenPost