eBay Parties Agree To Increase Number Of Shares Of Adevinta ASA Sold To BidCo 1 To 227.1 Mln Shares In Exchange For About $2.4 Bln Of Cash
May 10 (Reuters) -eBay Inc EBAY.O:
EBAY: EBAY PARTIES AGREED TO INCREASE NUMBER OF SHARES OF ADEVINTA ASA SOLD TO BIDCO 1 TO 227.1 MILLION SHARES IN EXCHANGE FOR ABOUT $2.4 BILLION OF CASH
EBAY- EBAY INC ENTERED INTO AMENDMENTS TO BID CONDUCT AGREEMENT DATED AS OF NOV 21, 2023 & TRANSACTION COMPLETION AGREEMENT DATED AS OF NOV 21, 2023
EBAY: EBAY PARTIES AGREED TO REDUCE NUMBER OF ADEVINTA SHARES TRANSFERRED TO TOPCO TO 177.1 MILLION SHARES IN EXCHANGE FOR ISSUANCE OF NEW SHARES IN TOPCO
EBAY INC: IMPACT OF AMENDMENTS INCREASES CASH EXPECTED TO BE RECEIVED BY EBAY AT CLOSING OF TRANSACTIONS BY APPROXIMATELY $270 MILLION
EBAY INC: IMPACT OF AMENDMENTS REDUCES EBAY'S EXPECTED OWNERSHIP IN ADEVINTA FROM APPROXIMATELY 20% TO APPROXIMATELY 18%
Source text for Eikon: [ID:n0001552781-24-000306]
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