Yatra Online Rejects Magna Holdings’ Unsolicited Partial Tender Offer
Benzinga Newsdesk 2 months ago
M&ANews
Offer of $1.10 Per Share Substantially Undervalues the Company and Is an Attempt to Opportunistically Capitalize on the Current Trading Price and Buy De Facto Control of the CompanyMagna Has Provided Shareholders with
Offer of $1.10 Per Share Substantially Undervalues the Company and Is an Attempt to Opportunistically Capitalize on the Current Trading Price and Buy De Facto Control of the Company
Magna Has Provided Shareholders with No Information about Magna’s Identity, Plans for the Company or Ability to Consummate Its Offer, or Reasons that It Is Making Only a Partial Tender Offer
Yatra’s Board Unanimously Recommends Shareholders NOT Tender Their Shares