Remember when pre-IPO Google acknowledged it might have failed to properly register some shares and options held by employees and others? Google offered to buy back the shares from anyone who wanted to sell them, at the price they paid plus interest. Well, Google reminded us today that the buy-back offer still exists. The repurchase offer ranges from $0.30 to $80.00 per share, or “a weighted average price of $3.94.”
We’re guessing there won’t be many takers.
Google stock was selling on the open market this morning for $186.