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Two Detroit pension funds are claiming that Yahoo! is intentionally blocking public portions of their lawsuit against the company's board because it would lend support to Carl Icahn's efforts to oust the directors. The lawsuit, filed in February by... [read full story]
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It's not just the Steve Ballmer and Jerry Yang show anymore. The cast of characters playing key roles in Microsoft's takeover attempt of Yahoo! has expanded. Google's Eric Schmidt and Time Warner's Jeff Bewkes have risen from cameo roles to co-stars as they hash out their own deals with Yahoo!...
While responding to the intentions of Carl Icahn to nominate a slate of 10 directors to Yahoo!' board of directors at the 2008 annual meeting of stockholders, a release from Yahoo! Inc has stated that its board of directors are the best people to know what is good for its shareholders.
SUNNYVALE, Calif. -- [BUSINESS WIRE] -- Yahoo! Inc., a leading global Internet company, today sent the following letter in response to Carl Icahn's announcement regarding his intention to nominate a slate of ten directors to Yahoo!'s board of directors at the 2008 annual meeting of stockholders.
Late Thursday Yahoo released the text of the letter it sent to Carl Icahn telling him he's misguided and that the current Yahoo board knows better what good for the company. It repeats what Yahoo has said before - that it is willing to sell for the right price, which lately has been $37 a share....
Posted by: Stephen Wildstrom on May 16 Time to play let’s pretend. Assume that Carl Icahn wins his proxy fight and installs his board at Yahoo! with the express intent of selling the company to Microsoft. But what if Microsoft, which does not currently have an offer on the table, isn’t...
By Rick Aristotle Munarriz May 16, 2008 Yahoo! (Nasdaq: YHOO) won't take Carl Icahn's Extreme Makeover: Boardroom Edition lying down. "Microsoft's proposal significantly undervalued Yahoo!," Bostock writes, referring to the software giant's original $31-a-share offer. If Bostock feels that $31...
A lot has happened while you were sleeping. Have a cup of joe while we bring you up to speed. Welcome once more to our continuing saga: As the Yahoo! Board Turns: Breakfast Edition. When last we left our hero, Carl Icahn was threatening to field a full slate of 10 director-nominees to oust the...
Filed under: DealsWhat a fabulous defense. The Yahoo! (NASDAQ:YHOO) board has written Carl Icahn about his plan to run his own slate of directors in a proxy war. The portal's governing body reasons that because Icahn was not in any of its meetings and did not attend negotiations with Microsoft...
Friday left the U.S. stock market with mixed results and moves of small magnitude in the major indices. The Dow lost 0.1%, the S&P 500 gained 0.1%, and the Nasdaq gave up 0.2%. On CNBC's "Fast Money" TV show, the traders went to Chicago to talk about agriculture and local companies McDonald's MCD...
It's not all over between Microsoft and Yahoo! despite the former very publicly announcing walking away from the deal that refused to be. Here's why? Yahoo! shareholder and billionaire investor Carl Icahn has threatened to lead a shareholder mutiny of sorts to oust Yahoo! Chief Executive Jerry...

