TITLE

Icahn Enlists Cuban to Storm Yahoo

AUTHOR(S)
Schachter, Ken
PUB. DATE
May 2008
SOURCE
Red Herring;5/15/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a letter sent by Carl Icahn to Yahoo Chairman Roy Bostock arguing that Yahoo's incumbent board acted irrationally in rejecting Microsoft's $33 per share acquisition offer. In the letter, Icahn said Yahoo's board had completely neglected merger negotiations and voiced concern that Yahoo plans to pursue strategic alternatives, an apparent reference to possible plans to outsource some search advertising to rival Google.
ACCESSION #
36834950

 

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