Google unlocked
Google insiders collected billions in stock sales this week following the last big lock-up expiration after the company’s initial public offering six months ago, according to regulatory filings. On Monday 177 million Google shares held by insiders became available for sale. The company has a total of 271.2 million shares outstanding. The search engine went public in August at $85 per share. Google shares have held their value despite the insider sales, after the stock fell 52 cents to $197.38 on Friday. In the biggest deal this week Kleiner Perkins principal John Doerr sold nearly $4 billion of shares.
Dublin terminal
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Proposals for the construction of a much-needed second terminal at Dublin International Airport could be unveiled within weeks. The Irish Government is considering options on a new terminal to help to manage booming air traffic at the Irish Republic’s busiest airport as tourists and businesses flock to one of Europe’s fastest-growing economies. The terminal could be funded privately or within the Government’s national development budget.
Nod for KKR deal
Plans by Stile Acquisition Corp, which is controlled by Kohlberg Kravis Roberts, the US buyout firm, to purchase Masonite International Corp, the Canadian company whose products include doors, bathroom cubicles, and pressboard products, were approved by the European Commission yesterday. The Commission said that the deal was examined under its simplified procedure, used when neither customers nor competitors object to the transaction.
Jupiter approval
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Jupiter Telecommunications, Japan’s biggest cable television company, won approval to sell shares to the public in a highly anticipated debut that could be the country’s biggest initial public offering of the year. J-Com, as the company is known, will sell shares on the Jasdaq market for start-ups in an offer valued at as much as 91.6 billion yen (£459 million), which will provide some clarity to investors who were having difficulty estimating the company’s worth.