Tech Trader Daily - Barron’s Online : Update: Icahn To Decide Tomorrow On YHOO Proxy Fight: "Carl Icahn has acquired about a 50 million share stake in Yahoo (YHOO) and is leaning toward launching a proxy contest to unseat at least part of the company’s board, according to the Wall Street Journal, citing “one person familiar with the situation.”
A stake of 50 million shares would be less than 4% of the company’s shares. The story says Icahn will decide Wednesday whether to seek seats on the Yahoo board. The deadline for board nominations for Yahoo’s upcoming annual meeting is Thursday at the close of business. The story adds that Scott Galloway, founder of investment firm Firebrand Partners, also may get involved, “according to people close to the matter.”"
Tuesday, May 13, 2008
Tech Trader Daily - Barron’s Online : Update: Icahn To Decide Tomorrow On YHOO Proxy Fight
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