Oracle to Raise Funds Through Stock and Bond Offerings
Oracle said it will raise funds by issuing stock and bonds to fund expansion of its AI business.
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05:24:46 AM UTC
SquawkNews
Oracle Corp. (ORCL) released the pricing and details of its $20 billion equity and bond offerings late Monday, offering to sell 86.2 million shares at a discount to the stock’s last closing price and the 50-day moving average.ORCL inched 0.2% in overnight trading. Shares fell 8.6% in Monday’s regul…