YATRA ONLINE DL-,0001

Yatra’s board unanimously recommends that shareholders reject the unsolicited partial offer from Magna (US$1.10 per share for up to 20,000,000 common shares). The board deems the offer undervalued and criticizes the lack of a compelling premium for a potential stake of up to about 31%. Yatra also raised concerns about disclosure of Magna’s ownership structure and financing sources—Magna is a newly formed company with no operating history or published financial statements—and has asked shareholders who had been approached to withdraw. H.C. Wainwright & Co. is acting as financial advisor, Goodwin Procter as legal counsel, and Yatra has filed a Schedule 14D-9 statement with the SEC. » Altro su de.investing.com

Yatra’s board of directors unanimously rejected an unsolicited partial takeover offer from Magna Holdings to buy up to 20 million common shares (about 31% of outstanding shares) at $1.10 per share. The board called the offer unfair and undervalued and filed a Schedule 14D‑9 statement with the SEC. In its reasoning, the board cited large discounts to recent highs, lack of disclosure on the bidder’s identity, plans and financing capability, numerous conditions and potential withholding taxes of up to 42.74%. H.C. Wainwright & Co. is advising Yatra on financial matters, and Goodwin Procter is providing legal counsel. » Altro su de.investing.com

Magna Holdings has submitted an offer to purchase up to 20,000,000 common shares of Yatra Online at $1.10 per share, representing about 31% of the outstanding shares. The offer period expires, unless extended, at midnight New York time on September 17, 2026, and is subject to pro-rata allocation. Yatra’s board is reviewing the offer with independent advisers, is currently advising shareholders to take no action, and intends to file a formal recommendation with the SEC within ten business days. » Altro su de.investing.com