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Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock
Source: cnbc.com
Insider TransactionsManagement & Governance
Oracle founder Larry Ellison canceled a newly disclosed trading plan to sell up to 50 million Oracle shares, worth roughly $7.5 billion at the current price. The cancellation occurred one day after Oracle disclosed the planned sale in a regulatory filing, removing a potentially significant insider-sale overhang.
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