Altaba Inc. (AABA)
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Altaba declares distribution price as part of liquidation plan, which is less than original estimates2019-09-06 07:24
Altaba Inc. declared Friday a pre-dissolution liquidating distribution of $51.50 in cash per share this month, which was less than originally estimated.
Altaba is a cash shell trading at a discount to NAV.
Altaba, Inc. (AABA) has outperformed Alibaba Group Holding Limited (BABA) since its creation after Verizon Communications Inc.
Altaba's dissolution plan will give shareholders cash and potentially ADRs of Alibaba.
Elsewhere, Dave & Buster's rose after reporting a strong fourth quarter.