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. Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV