YNDX - Yandex inks an agreement to purchase 84.9% of its convertible notes due 2025 in cash and stock

Yandex N.V. (NASDAQ:YNDX) has entered into an agreement with holders of 84.9% of $1.25B 0.75% convertible notes due 2025. Notes will be purchased for $140K cash and 957 Yandex Class A shares for each $200K in principal amount of motes. The company intends to fund the cash component of the purchase price primarily by means of a commercial loan in compliance with Russian, United States, United Kingdom, European Union and United Nations laws and regulations.. Purchase will be completed by June 24, 2022. Shares down 21% PM. Wall Street Analysts screens the stock as Strong Buy whereas SA quant rating systems stands Sell.

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Yandex inks an agreement to purchase 84.9% of its convertible notes due 2025 in cash and stock