Archive for Thursday, May 15, 2008
Financier Icahn to run board slate for Yahoo, sources say
NEW YORK – Billionaire investor Carl Icahn has elected to move ahead with plans to run a dissident board slate at Yahoo Inc., sources familiar with the matter told Reuters today.
Icahn, who has amassed a large stake in the Internet company, has lined up at least 12 potential board candidates and could announce the slate as early as tonight, the sources said. The deadline for nominating a dissident slate is Thursday.
Big investors in Yahoo have publicly chastised Yahoo for failing to seal a buyout deal with Microsoft Corp., which abruptly ended talks earlier this month after balking at Yahoo’s $37 per share asking price.
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