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Stock impact report

Altaba Announces Preliminary Results of Tender Offer

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) announced today the preliminary results of its tender offer to purchase up to 195,000,000 (approximately 24%) shares of its common stock, which expired at 5:00 p.m., New York City time, on August 8, 2018. Based on the preliminary count by Computershare Trust Company, N.A., the exchange agent for the tender offer, a total of 360,358,790 shares of the Fund’s common stock were properly tendered and not properly withdrawn. These shares represent approximately 45.02% of the Fund’s issued and outstanding shares as of August 8, 2018. In accordance with the terms and conditions of the tender offer and based on the preliminary count by the exchange agent, which indicates that the tender offer was oversubscribed, it is expected that the number of shares the Fund will accept for payment will be prorated so that the Fund purchase Show less Read more
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