Yahoo to Shareholders: Repel Icahn

Schachter, Ken
June 2008
Red Herring;6/9/2008, p3
Trade Publication
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.


Related Articles

  • Icahn: Game On. Schachter, Ken // Red Herring;6/27/2008, p4 

    The article reports on the proxy paper filed by billionaire investor Carl Icahn in Yahoo. Such filing is said to indicate Icahn's intention to pursue his fight to dislodge Yahoo's board of directors and its chief executive Jerry Yang. In his filing, Icahn recommended Robert Shaye to be on the...

  • Techspin: The (Hot) War of Words in Microsoft-Yahoo! Dreyfuss, Joel // Red Herring;7/14/2008, p1 

    The article reports on the misunderstanding between Yahoo Inc. and Microsoft Corp. involving the Microsoft's proposed acquisition of Yahoo. The conflict emerged when Roy Bostock, chairman of Yahoo, described Microsoft's proposal ludicrous. He was turning down an offer by Microsoft and instead...

  • Carl Icahn: Yahoo's Yang, Bostock My Pals. Schachter, Ken // Red Herring;7/31/2008, p1 

    The article reports on the optimism expressed by investor Carl Icahn regarding a meeting with Yahoo Chief Executive Jerry Yang and Chairman Roy Bostock. Icahn says the while they still disagree on many points, he has great hope the meeting will be the beginning of a beautiful friendship. During...

  • Yahoo! rejects search offer.  // Campaign;7/18/2008, Issue 28, p5 

    The article reports on the move of Yahoo! Inc. in rejecting a joint proposal for its search business by Microsoft Corp. and Carl Icahn Co. According to the company's board of directors, the alliance was odd and opportunistic and the sale would not be in the best interest of stockholders....

  • Icahn calls for Yahoo! seats.  // Campaign;7/11/2008, Issue 27, p5 

    The article reports that Carl Icahn, a Yahoo! Inc. shareholder, may be offered a seat on the firm's board of directors. The firm considers offering him two seats but Icahn is thought to be seeking no fewer than four seats. Icahn has been lobbying for the replacement of Yahoo! Inc.'s board with...

  • Microsoft Ready to Deal--With Icahn. Schachter, Ken // Red Herring;7/7/2008, p1 

    The article reports that Microsoft is willing to make a deal with Yahoo if its shareholders can unseat its board of directors. The company revealed that it has negotiated with billionaire investor Carl Icahn. The firm notes that it cannot reach a deal with Yahoo's current management and board...

  • Takedown Artist. Coffin, Bill // Risk Management (00355593);Jul2008, Vol. 55 Issue 7, p10 

    This article discusses the failed buyout of Internet services company Yahoo! Inc. by computer technology company Microsoft Corp. It is stated that Yahoo believed that Microsoft's offer undervalued the worth of the company and demanded a higher bid, which prompted Microsoft to close negotiations....

  • Microsoft, Yahoo talking deal again.  // Dow Theory Forecasts;5/26/2008, Vol. 64 Issue 21, p1 

    The article reports that Microsoft Corp. and Yahoo! Inc. is talking deal again. It cites that Microsoft earlier this year attempted to acquire Yahoo but was rejected, which angers many shareholders. It also cites that the new deal, was prompted by activist billionaire, Carl Icahn's threat to...

  • ''You're a Self-Destructive Doomsday Machine!!". Donovan, John // Portable Design;Jul2008, Vol. 14 Issue 7, p9 

    The article reports on the issue concerning the bid of Microsoft Corp. for Yahoo Inc. due to its underperforming situation in the U.S. It is stated that Carl Icahn is major Yahoo stockholder famous for taking over corporate boards at underperforming companies. Icahn is firing chief executive...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics