Altaba Announces Board Approval of Plan of Complete Liquidation and Dissolution
ALTABA INC (AABA)
US:NASDAQ Investor Relations:
altaba.com/investor-relations
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Altaba Inc. (“Altaba” or the “Fund”) (NASDAQ:AABA) today announced that the Fund’s Board of Directors (the “Board”) has approved the liquidation and dissolution of the Fund pursuant to a Plan of Complete Liquidation and Dissolution (the “Plan”), subject to stockholder approval. The Fund intends to file a proxy statement with the U.S. Securities and Exchange Commission (the “SEC”) with respect to a special meeting of stockholders to seek stockholder approval of the liquidation and dissolution pursuant to the Plan. As previously disclosed in the Fund’s public filings with the SEC, the Fund’s investment objective is to increase the price per share at which it trades relative to the then-current value of the Fund’s underlying assets. The Fund seeks to do this by reducing the discount at which shares of the Fund’s common stock, par value $0.001 per share (the “Shares”), trade relat
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