Form 8-K YAHOO INC For: Sep 02
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Yahoo! (YHOO) Denied IRS Request in Alibaba (BABA) Stake Spin-Off
September 8, 2015 4:41 PM EDTYahoo! (NASDAQ: YHOO) disclosed the following on Tuesday:
On January 27, 2015, Yahoo! Inc. (Yahoo or the Company) announced a plan for a spin-off of all of Yahoos remaining holdings in Alibaba Group Holding Limited (NYSE: BABA)(Alibaba) into a newly formed independent registered investment company. As previously disclosed, the name selected for the new company is Aabaco Holdings, Inc. (Aabaco). The stock of Aabaco will be distributed pro rata to Yahoo stockholders, resulting in Aabaco becoming a separate publicly traded registered investment company. On July 17, 2015, Aabaco filed its initial... More
