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Oracle: Article

Ellison Planning to Sell 100M Oracle Shares, Could Raise $2.06 Billion

Ellison also plans to gift around two million shares to the Ellison Medical Foundation
By Oracle News Desk
Article Rating:
July 28, 2007 06:45 PM EDT
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 15,581
Larry Ellison is planning to sell up to 100 million of his Oracle shares between September and June. Using the stock's $20.61 close last Friday as a yardstick, he could raise about $2.06 billion for asset diversification and sheer liquidity. Ellison also plans to gift around two million shares to the Ellison Medical Foundation, leaving him with roughly 1.173 billion shares or 22.7% of the company.

Published July 28, 2007 – Reads 15,581
Copyright © 2007 SYS-CON Media, Inc. — All Rights Reserved.
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Oracle News Desk 07/28/07 06:42:16 PM EDT

Larry Ellison is planning to sell up to 100 million of his Oracle shares between September and June. Using the stock's $20.61 close last Friday as a yardstick, he could raise about $2.06 billion for asset diversification and sheer liquidity. Ellison also plans to gift around two million shares to the Ellison Medical Foundation, leaving him with roughly 1.173 billion shares or 22.7% of the company.