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Whats left of Yahoo! after a sale of its online businesses to Verizon Communications is a company called Altaba.
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Altaba has made two significant distributions to its shareholders under its liquidation plan. Now, the company, formerly Yahoo!, is expected to ask a Delaware court for authority to make another sizable payment at a hearing scheduled for April 20 to 22.
Shares of Altabatechnically liquidating escrow receiptshave traded this year around $14.50 in institutional markets. The company recently filed its annual report, disclosing a year-end 2020 net asset value of $15.50 a share
It ended 2020 with net assets of just over $8 billion, largely cash and short-term marketable securitie…
Read the full article at: https://www.barrons.com/articles/altaba-expected-to-make-another-big-shareholder-payout-under-its-liquidation-plan-51612975321