Russian consortium announces terms for $5.2 billion Yandex cash and share deal

MOSCOW : A Russian consortium announced terms on Monday to aquire the Russian sources of know-how community Yandex from Dutch parent company Yandex NV in a money and portion deal.

The consortium acknowledged it expects to acquire no extra than 107,729,866 shares of Yandex N.V thru a aquire show and swap. The buyback will happen at a designate of 1,251.8 roubles per Yandex NV portion. The swap might be performed at a 1:1 ratio.

Yandex NV announced the agreement to divest its Russia-based fully companies in April for a total consideration of 475 billion roubles ($5.2 billion), payable in a mixture of cash and shares.