Brief: Ebay Supports Voluntary Offer To Acquire Adevinta

Adevinta ASA

21/11/2023 18:52

Nov 21 (Reuters) - eBay Inc  EBAY.O :
    * EBAY SUPPORTS VOLUNTARY OFFER TO ACQUIRE ADEVINTA
    * EBAY INC - EBAY WOULD RECEIVE USD $2.2 BILLION CASH AND
RETAIN A
20% OWNERSHIP STAKE
    * EBAY INC: AS PART OF TRANSACTION, EBAY WOULD SELL 50% OF
ITS
SHARES IN ADEVINTA FOR AN ESTIMATED USD $2.2 BILLION
    * EBAY: COMMITTED TO RETURNING ABOUT 125% OF CUMULATIVE FREE
CASH
FLOW TO SHAREHOLDERS VIA REPURCHASES & DIVIDENDS OVER 3-YEAR
PERIOD OF 2022 TO 2024

Source text for Eikon:  ID:nPn1JwPVza 
Further company coverage:  EBAY.O 

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