TITLE

Yahoo to Shareholders: Repel Icahn

AUTHOR(S)
Schachter, Ken
PUB. DATE
June 2008
SOURCE
Red Herring;6/9/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the call by Yahoo on shareholders to repulse the challenge of Carl Icahn and his dissident proxy slate, arguing that the activist investor's strategy rests solely on the hope that Microsoft will acquire the company. According to the company's open letter, Icahn and his slate are not the right individuals to guide Yahoo! as a standalone firm. Icahn continued to focus on the failure to clinch a deal with Microsoft, which offered $31 a share to acquire Yahoo.
ACCESSION #
36826853

 

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