Google rallies following "split;" voting shares given slight premium

|By:, SA News Editor

Both Google's new non-voting class C shares (GOOG +2.5%) and voting class A shares (GOOGL +2.6%) are posting solid gains. However, the latter are trading at a ~$1.40 premium to the former.

By allowing Google to issue non-voting shares that don't dilute Larry Page, Sergey Brin, and Eric Schmidt's voting rights, the split could make the Web giant more willing to use equity for major acquisitions.

Facebook, which already has a dual-class share structure that leaves Mark Zuckerberg in firm control, is set to issue over $17B worth of shares to acquire WhatsApp and Oculus VR.