TITLE

Yahoo Investor Urges Microsoft to Sweeten Offer

PUB. DATE
February 2008
SOURCE
Red Herring;2/13/2008, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a call from Yahoo investor Bill Miller for Microsoft to raise its $42 billion bid for the web pioneer raising the pressure on Yahoo and Microsoft to seal a deal. Miller estimated fair value for Yahoo to be near $40 per share, versus Microsoft's original offer of $31 per share. Miller's comments came as major institutional Yahoo shareholders have been working behind the scenes to get the parties to strike a deal, analysts say. Institutional shareholders hold about 75 percent of Yahoo's stock, according to Reuters data.
ACCESSION #
36876153

 

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