Ellison puts NetSuite shares in ‘lockbox’
October 31, 2007NetSuite in an SEC filing on Tuesday said that Larry Ellison is putting his shares–all 639,298,039 of them–into a “lockbox” that diminishes his control over the company.
The filing is an amendment to NetSuite’s current IPO plans.
According to NetSuite’s latest IPO filing:
Mr. Ellison has informed us of his intention to transfer 639,298,039 shares of our common […]
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