Scalper1 News
EBay (EBAY) could repurchase its own stock after the spinoff of payments arm PayPal, says Citigroup in a report. Like recent reports from JPMorgan and Morgan Stanley, Citigroup’s report also views eBay as a possible takeover target. The spinoff of PayPal is slated for July 17. In a stock distribution, each common equity holder of eBay as of July 8 will receive one PayPal share. PayPal will trade under ticker PYPL starting on July 20. Mark May, an Scalper1 News
Scalper1 News