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: The Internet, Business
Source: Tom's Guide US | Keywords: Microsoft, Yahoo, Icahn | Themes: The Internet, Business
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.
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I can't quite understand how he can drag other shareholders down by screwing the company and keep getting away with it.