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NEW YORK Google has offered to buy back 23.2 million shares of common stock and 5.6 million shares of unexercised options that may have been issued in violation of federal or state securities laws over a three-year period.
The rescission offer, divulged in an amended prospectus filed with the Securities and Exchange Commission yesterday, comes as the Mountain View, Calif.-based search company prepares to go public. It is unclear if this latest disclosure will affect the timing of its initial public offering, which is expected to happen as early as next week.
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