Yahoo Opens Door to Icahn

Schachter, Ken
July 2008
Red Herring;7/21/2008, p3
Trade Publication
The article reports on a deal to cede three seats on an expanded 11-member board at Yahoo to activist investor Carl Icahn. The agreement comes after mutual fund manager Bill Miller sided with the Yahoo board in a proxy showdown that would have climaxed at the annual shareholder meeting. According to UBS analyst Benjamin Schachter, the agreement would remove a distraction from the Internet company and allow it to speak with one voice in any future negotiations with Microsoft.


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