By Andrew Ross Sorkin and Miguel Helft SAN FRANCISCO: Yahoo's chairman, Roy Bostock, rejected late Thursday accusations from the billionaire investor Carl Icahn that the company's board had acted irrationally in turning down a $47.5 billion takeover offer from Microsoft and repeated that Yahoo...
Shareholders threaten to oust CEO and board to revive Microsoft's buyout offer Carl Icahn has a history of challenging corporate boards that oversee troubled companies. Spurred on by other outraged shareholders, Icahn notified Yahoo on Thursday that he will lead a revolt to oust Yang and the rest...
Billionaire increases stock holdings to 4% By MICHAEL LIEDTKE • Associated Press • May 16, 2008 SAN FRANCISCO -- Billionaire investor Carl Icahn is setting out to oust Yahoo Inc.'s board of directors for "irresponsible" and "unconscionable" actions that led Microsoft Corp. to withdraw a $47.5...
From correspondents in California, United States, 11:01 AM IST Billionaire investor Carl Icahn officially launched a proxy fight to oust the Yahoo board in a bid to revive Microsoft's spurned deal for the Internet powerhouse. Icahn is on the slate of alternative directors, which also includes...
Icahn Says Actions Of Yahoo's Board 'Irresponsible, Unconscionable' SAN FRANCISCO -- Now he may only have a few weeks to persuade the software maker to revive its last offer of $47.5 billion, or risk being fired in a shareholder mutiny led by activist investor Carl Icahn Spurred on by outraged...
Yahoo Inc.Chief Executive Jerry Yang spent months fending off Microsoft Corp.'s unsolicited takeover bid. Now he may only have a few weeks to persuade the software maker to revive its last offer of $47.5 billion, or risk being fired in a shareholder mutiny led by activist investor Carl Icahn.
SAN FRANCISCO — Saying Yahoo's board "completely botched" takeover talks with Microsoft, billionaire investor Carl Icahn on Thursday launched a bid for control of the Internet giant by nominating a slate to unseat the board of directors. In a letter to Yahoo Chairman Roy Bostock, Icahn said he...
by Staff Writers Washington (AFP) May 15, 2008 Billionaire corporate raider Carl Icahn announced a bid Thursday to unseat the board of Yahoo and reopen merger talks with Microsoft, which Icahn said had been "completely botched" by the Internet firm. Icahn said in an open letter to the Yahoo board...
The Associated Press • May 16, 2008 SAN FRANCISCO — Billionaire investor Carl Icahn is setting out to oust Yahoo Inc.'s board of directors for "irresponsible" and "unconscionable" actions that led Microsoft Corp. to withdraw a $47.5 billion offer to buy the slumping Internet pioneer. In a letter...
SAN FRANCISCO (AP) – Spurred on by outraged shareholders, activist investor Carl Icahn notified Yahoo Inc. on Thursday that he will lead a revolt to oust chief executive Jerry Yang and the rest of the Internet company's board unless they renew negotiations with Microsoft that fell apart May 3...