Altaba Inc. Buyback
OLI recorded this information on 7/31/2017
Company:
Altaba Inc.
Buyback:
AABA buyback
$Amount Authorized:
$5,000,000,000
Buyback Details:
Altaba Inc. ("Altaba" or the "Company") (NASDAQ:AABA) today announced that its Board of Directors has authorized the repurchase of up to $5 billion of its common stock.
Altaba is a publicly traded, non-diversified, closed-end management investment company. Co.'s investment objective is to seek to increase the price per share at which it trades relative to the then-existing values of its principal underlying assets (the Alibaba Group Holding Limited (Alibaba) ordinary shares and American Depositary Shares and Yahoo Japan Corporation (Yahoo Japan) shares of common stock). In addition to the Alibaba shares and Yahoo Japan shares, Co. also owns investments in certain additional companies Excalibur IP, LLC, which owns a portfolio of patent assets and short-term investments.
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Avg. Broker Rec.
 
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Buy (3.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
