Yahoo tries to hold off proxy bid

From Times Wire Services

Yahoo Inc.'s board is urging shareholders not to sign or return proxy cards sent to them in connection with activist investor Carl Icahn's efforts to replace the company's current directors.

In filings with the Securities and Exchange Commission, the Internet icon said its board urged shareholders "to disregard any proxy card sent to you by the Icahn entities or any person other than Yahoo."

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
67°