Icahn To Battle Yahoo To Accept Microsoft Bid

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Icahn To Battle Yahoo To Accept Microsoft Bid

By Reuters (via Yahoo), published on May 15, 2008 at 3:50 PM
Source: Tom's Guide US | Keywords: Microsoft, Yahoo, Icahn | Themes: Business, The Internet

Syndication:

Financier Carl Icahn on Thursday launched a proxy battle to force Yahoo to reopen buyout talks with Microsoft, saying the Yahoo board had acted "irrationally" in refusing its $47.5 billion offer. Icahn harshly criticized Yahoo for the breakdown in talks, and said he had accumulated 59 million shares and options in Yahoo and assembled a 10-member dissident board slate for election at Yahoo’s annual meeting on July 3.

Read the complete story here.