Altaba Says Asset Value Doesn't Support Noteholder Claims
By Vince Sullivan ( March 14, 2018, 10:25 PM EDT) -- Yahoo Inc. successor company Altaba Inc. said in a filing with the Delaware Chancery Court late Tuesday that claims from noteholders that they are owed additional shares following a $4.5 billion sale of assets to Verizon Inc. aren't supported by the terms of the note indenture, which requires a transfer of substantially all of Altaba's assets for the bonus to be triggered....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.