Mountain View, Calif. -- Shares of Google fell nearly 2% on Thursday after the Mountain View-based Internet search giant announced plans to sell 5.3 million shares of its stock worth more than $2 billion. The company said that the move will partially meet the anticipated needs of index funds to purchase its stock when Google is added to the S&P 500 Index at the close of trading on Friday. Google is replacing oil and gas producer Burlington Resources in the index.
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