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Altaba Announces Extension of Tender Offer To Purchase Up to 195,000,000 Shares of its Common Stock For Alibaba ADSs and Cash
US:NASDAQ Investor Relations: altaba.com
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NEW YORK--(BUSINESS WIRE)-- Altaba Inc. (“Altaba” or the “Fund”) (NASDAQ:AABA) announced today the extension of its previously announced tender offer to purchase up to 195,000,000 issued and outstanding shares of its common stock, at a purchase price per share equal to (A) 0.35 American Depositary Shares (“Alibaba ADSs”) of Alibaba Group Holding Limited (“Alibaba”) and (B) an amount in cash equal to the Alibaba VWAP (as defined below) multiplied by 0.05, less applicable withholding taxes and without interest, until August 8, 2018 at 5:00 p.m., New York City time, unless the tender offer is further extended or withdrawn by the Fund. The tender offer was previously scheduled to expire on July 11, 2018 at 11:59 p.m., New York City time. As of the close of business on July 2, 2018, Computershare Trust Company N.A., the exchange agent for the tender offer, has advised that approximately 156,676 shares of Altaba’s
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