Brief: eBay Parties Agree To Increase Number Of Shares Of Adevinta ASA Sold To BidCo 1 To 227.1 Mln Shares In Exchange For About $2.4 Bln Of Cash

Adevinta ASA

10/05/2024 21:54

May 10 (Reuters) - eBay Inc  EBAY.O :
    * EBAY: EBAY PARTIES AGREED TO INCREASE NUMBER OF SHARES OF
ADEVINTA ASA SOLD TO BIDCO 1 TO 227.1 MILLION SHARES IN EXCHANGE
FOR ABOUT $2.4 BILLION OF CASH
    * EBAY-  EBAY INC ENTERED INTO AMENDMENTS TO BID CONDUCT
AGREEMENT
DATED AS OF NOV 21, 2023 & TRANSACTION COMPLETION AGREEMENT
DATED AS OF NOV 21, 2023
    * EBAY: EBAY PARTIES AGREED TO REDUCE NUMBER OF ADEVINTA
SHARES
TRANSFERRED TO TOPCO TO 177.1 MILLION SHARES IN EXCHANGE FOR
ISSUANCE OF NEW SHARES IN TOPCO
    * EBAY INC: IMPACT OF AMENDMENTS INCREASES CASH EXPECTED TO
BE
RECEIVED BY EBAY AT CLOSING OF TRANSACTIONS BY APPROXIMATELY
$270 MILLION
    * EBAY INC: IMPACT OF AMENDMENTS REDUCES EBAY'S EXPECTED
OWNERSHIP
IN ADEVINTA FROM APPROXIMATELY 20% TO APPROXIMATELY 18%

Source text for Eikon:  ID:n0001552781-24-000306 
Further company coverage:  EBAY.O 

 ((Reuters.Briefs@thomsonreuters.com;))