Yatra Online rejects Magna Holdings tender offer for up to 20M shares
Yatra Online advised shareholders to reject a tender offer from Magna Holdings to acquire up to 20 million shares for $1.10 in cash. The board unanimously rejected it, saying the price substantially undervalues the company.
By Elias SchisgallYatra Online advised shareholders to reject a tender offer from Magna Holdings to acquire up to 20 million shares for $1.10 in cash.Yatra's board unanimously rejected the offer, the Indian travel company said Tuesday, saying the proposal's price "substantially undervalues" its bus…