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Yahoo Inc. is seeking to conceal large portions of a shareholder lawsuit alleging the Internet company's board improperly thwarted Micrsoft Corp.'s $47.5 billion (€30.6 billion) takeover offer, raising shareholder questions over the motives for the secrecy.
30 billion hedge fund Paulson & Co has released filings to show it owns 3.4 percent of Yahoo shares and intends to support Carl Icahn's bid to replace the company's board. Combined with Icahn's 4.3... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Having launched a proxy fight, billionaire financier Carl Icahn's next move is to amass enough support for his effort, while simultaneously getting Yahoo and Microsoft back to the negotiating table. So far, he's having more success with the former vs. the latter. Yesterday, Icahn landed a big...
BURLINGAME, CALIF. - Corporate raider extraordinaire Carl Icahn launched his strategy to push Yahoo! back into Microsoft's arms. In a letter delivered Thursday to Yahoo! (nasdaq: , Icahn presented an alternative slate of board members to be voted on at the company's annual meeting on July 3. This...
NEW YORK (Reuters) - Below is the text of a letter sent by billionaire investor Carl Icahn sent to the chairman of Yahoo Inc (biographies of his slate of board nominees have been abbreviated by Reuters): Carl C. Icahn ICAHN CAPITAL LP 767 Fifth Avenue, 47th Floor Yahoo! Inc. 701 First Avenue...
What's worse than mediocre returns with high fees? Whether it's running, shooting baskets, golfing, or even driving a car, professionals take a familiar concept (I know how to swing a club) and bring it to an extreme of performance (a 7-iron 190 yards into the wind to 10 feet). Expanding that...
Zander says that Chesapeake plans to upgrade the property to "the best of its class in its South Los Angeles County submarket." Jay Gangwal of Legg Mason says that the new ownership plans to realize the full potential of the property through "an extensive capital improvement plan and...
LMP Corporate Loan Fund Inc., listed on the New York Stock Exchange under the symbol “TLI“_, announced a distribution from income of $0.0550 per common share for the month of May 2008. This distribution is payable on May 30, 2008, to shareholders of record on May 23, 2008. The ex-dividend date is...
Andrew Tanzer, Senior Associate Editor, For every slumping fund manager, such as Bill Miller of Legg Mason, there's a rising star riding a hot streak like Mike Avery of Ivy Asset Strategy. Over the past year through May 9, Asset Strategy, which Avery co-manages with Dan Vrabac and Ryan Caldwell,...
Notorious activist investor Carl Icahn has re-energized prospects for a Yahoo! deal now that he's amassed a giant stake in the company and is taking steps toward a possible proxy fight. Icahn has contacted many of the candidates that Microsoft was...
