TITLE

Yahoo Opens Door to Icahn

AUTHOR(S)
Schachter, Ken
PUB. DATE
July 2008
SOURCE
Red Herring;7/21/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36670582

 

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