Website Highlights Google Chair Eric Schmidt to Sell 40+% of Stake, ~3.2M Shares
On Friday, Google's (NASDAQ: GOOG) Chairman Eric Schmidt announced that he plans to sell up to 3.2 million shares, which at Google's current price could mean a $2.5 billion windfall. Schmidt has a 2.3% stake in the company with 7.6 million shares. On Friday Google shares closed up $11.42 at $785.37.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.