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Thursday, May 15, 2008

Icahn Calls Yahoo! Board Irresponsible & Suggests Alternate Directors; Yahoo! Says Icahn Misunderstood The Microsoft Proposal

This morning American billionaire and a major Yahoo! shareholder sent a letter to Yahoo! saying that their board of directors was acting irrationally.  The letter relates to Yahoo! relates to the bid that Microsoft made for Yahoo!  Microsoft told the Yahoo! Board that they wanted to acquire Yahoo! for $33 per share.  However, Yahoo! was asking for more.  Below is the letter Icahn wrote and it includes an alternative slate of directors that could serve as Yahoo!’s board if they decide not to

2 Comments:

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Anonymous said...

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Hope for answer