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Alphabet Inc. entered into an at-the-market equity distribution agreement to sell up to $40 billion of Class A and…

GOOGAlphabet Inc.

Alphabet Inc. entered into an at-the-market equity distribution agreement to sell up to $40 billion of Class A and Class C shares. The company also completed a public offering of approximately 29.3 million shares of both Class A and Class C stock and a $10 billion private placement of shares to a Berkshire Hathaway affiliate. A separate offering of mandatory convertible preferred stock is expected to close on June 5.

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