Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Looks like this will be my last post of many over the years about YAHOO!/Altaba. The NASDAQ has announced that at the close of trading on this Wednesday shares of Altaba will be halted. The company announced about a week ago that all trades must be settled by this Friday as its stock will no longer trade.

So the stub, or remainder, after the $51.50 pre-dissolution distribution, which was paid out last week, will need to be held for those who continue to hold shares until the final distribution takes place at some point in the future. The two uncertainties being when and how much will that final distribution be.

I decided to sell all my shares lat week.

Here is a link to the company announcement.

https://www.altaba.com/news-releases/news-release-details/al...

Here is a link to the NASDAQ announcement.

https://www.altaba.com/news-releases/news-release-details/na...

Frank - see profile for all holdings
Print the post Back To Top
No. of Recommendations: 0
Awesome, Frank. I hope you made a killing on this!

Jim
Print the post Back To Top
No. of Recommendations: 5
Bought at $15 - $18 totally out at $71.11. Sold lots along the way. Went in very big at the time Dan Loeb announced Third Point was in YAHOO! on sum of the parts investment thesis.

So yes, this was a grand success!!!

Frank - see profile for all holdings
Print the post Back To Top
No. of Recommendations: 0
Excellent, Frank!
Print the post Back To Top