May 16, 2017 / 10:09 AM / 2 months ago

BRIEF-Yahoo announces commencement of tender offer to purchase up to $3 bln shares

1 Min Read

May 16 (Reuters) - Yahoo! Inc

* Yahoo announces commencement of tender offer to purchase up to $3.0 billion of its common stock

* Yahoo - to purchase for cash up to $3 billion shares at prices equal to "Alibaba vwap" multiplied by multiples specified by tendering stockholders between 0.370 to 0.420

* Yahoo - tender offer will expire on June 13, 2017 at 11:59 p.m., New York City time

* Yahoo - purpose of tender offer is to provide liquidity to a potentially significant number of stockholders that will be forced to sell their shares Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below