Net sale proceeds: fund retained businesses and return capital via share repurchase
Company: Nebius
The claim, verbatim
Part of the net cash consideration will be retained to finance development of the retained international businesses. A substantial proportion of net proceeds will be returned to shareholders, currently expected to be through a share repurchase offer.
Source (primary)
nebius 8-K exhibit (yndx-20231231xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
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Quote: “A portion of the net cash consideration (after adjustments, applicable taxes and other expenses) will be retained to finance the development of certain retained international businesses, with a substantial proportion of such net proceeds to be returned to our shareholders, which we currently expect to be by way of a share repurchase offer.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms nebius 8-K exhibit (yndx-20231231xex99d1.htm)
Quote: “A portion of the net cash consideration (after adjustments, applicable taxes and other expenses) will be retained to finance the development of certain retained international businesses, with a substantial proportion of such net proceeds to be returned to our shareholders, which we currently expect to be by way of a share repurchase offer.”