Yahoo Spits Out 'Poison Pill'

Schachter, Ken
December 2008
Red Herring;12/11/2008, p4
Trade Publication
The article reports on the decision of Yahoo to revise its poison pill to make the company a more tempting target for acquisition by Microsoft Corp. The poison pill, put in place during the heat of Microsoft's $44.6 billion takeover attempt in February, boosted severance payments to Yahoo employees in the event of a change in control. Corporations often adopt such devices to discourage suitors by making the deal inordinately expensive, the author said.


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