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Altaba confirms USD 3.4 bln share buy-back

Friday 23 June 2017 | 10:57 CET | News
Altaba confirmed it bought back a total of USD 3.4 billion worth of shares, including any greenshoe, during its modified "Dutch auction" self tender, which expired just before midnight on 16 June. The company said it tendered a total of 64.5 million shares at a final purchase price of USD 53.20 per share. The shares represent about 6.7 percent of the company's issued and outstanding shares as of 20 June.

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Categories: General
Countries: United States / World
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