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

MOSCOW: A Russian consortium announced terms on Monday (Would possibly presumably well furthermore 13) to aquire the Russian property of abilities neighborhood Yandex from Dutch parent company Yandex NV in a money and allotment deal.

The consortium mentioned it expects to receive no better than 107,729,866 shares of Yandex NV by a aquire affirm and swap. The buyback will preserve terminate set aside at a cost of 1,251.8 roubles per Yandex NV allotment. The swap will be executed at a 1:1 ratio.

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