Yandex NV - Ordinary Shares - Class A

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Mergers / Acquisitions

Yandex Confirms Discussions With Tinkoff Group

Published: 09/22/2020 17:08 GMT
Yandex NV - Ordinary Shares - Class A (YNDX) - Yandex Confirms Discussions With Tinkoff Group.
Yandex - Confirmed That It is in Discussions With Tcs Group Holding Plc Regarding a Possible Offer by Yandex for 100% of Share Capital of Tinkoff.
Yandex - Agreement in Principle on a Transaction That Would Consist of Cash, Share Consideration Worth About $5.48 Billion Or $27.64 per Tinkoff Share.
Yandex - Proposed Transaction Would Be Subject to Approval of Yandex's Class A Shareholders and General Meeting of Shareholders.