Larry Ellison cancels $7.5bn Oracle stock sale over Europe's ‘timing’ concerns
Larry Ellison cancelled his Oracle stock sale plan shortly after its disclosure. No shares were sold under the arrangement which was set to expire later this year. This plan would have allowed the sale of fifty million Oracle shares. The cancellation highlights differences between US and European trading regulations for executives. Oracle's stock has experienced a decline while the company faces increased job cut costs.
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