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Shelf Offerings: Oracle

Stocks in this article: ORCL

NEW YORK ( TheStreet) -- Oracle (ORCL) was one of several companies to file a shelf registration with the Securities and Exchange Commission to offer a combination of the securities from time to time.

Oracle said in a prospectus filed late Friday that the company or selling security holders may offer common stock, preferred stock, debt securities, warrants, purchase contracts or units from time to time in different amounts, at prices and on terms determined at the time of an offering.

Oracle said that net proceeds from any sale under the registration statement will be used for general corporate purposes, which may include stock repurchases, repayment of indebtedness and future acquisitions.

Oracle shares followed the broader U.S indices higher Monday, rising 3.7% to $24.27.

Elsewhere, Crosstex Energy (XTEX) said in a shelf registration that it may sell up to $500 million of mixed securities in one or more offerings. The company also said selling unitholders may sell up to 4.06 million common units. Shares were rising 6.6% to $10.13.

Summit Financial Group (SMMF) said in a regulatory filing it may sell up to $10 million in one or more mixed securities offerings from time to time. Summit Financial shares were up 5.9% to $4.33.

Atlantic Tele-Network (ATNI) said it may offer up to $500 million of common stock, preferred stock, depositary shares, debt securities, warrants or rights to purchase any of such securities, and/or units consisting of two or more of such securities.

Atlantic Tele-Network also said that selling stockholders may sell from time to time up to 300,000 shares of common stock, although the company will not receive any proceeds from any sale. Shares were rising 0.7% to $46.46.

Lastly, ChinaCast Education (CAST) said that selling shareholders may sell up to 6.03 million shares of common stock, although the company will not received any proceeds from any sale. ChinaCast shares were tacking on 0.8% to $6.49.

-- Written by Robert Holmes in Boston.

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