24/7 Wall St.
05-15-2008, 09:11 PM
24/7 Wall St. Daily News
In a letter which basically called Carl Icahn a dummy, Yahoo! (YHOO) responded to the billionaire's plan to offer an alternate slate of directors by writing that his understanding of the portal company's M&A negotiations "reflects a significant misunderstanding of the facts." The letter was has two core arguments. The first is that the board offered a legal defense of its fiduciary actions by saying it has met twenty times to talk about the offer from Microsoft (MSFT). Then the board made the point that, based on Yahoo!'s future prospects, the company is worth at least $37 a share. It... http://feeds.feedburner.com/~f/typepad/RyNm?i=NYRhiH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=NYRhiH) http://feeds.feedburner.com/~f/typepad/RyNm?i=LXMYUH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=LXMYUH) http://feeds.feedburner.com/~f/typepad/RyNm?i=XLd5Dh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=XLd5Dh)
complete story here... (http://www.247wallst.com/2008/05/yahoo-yhoo-call.html)
In a letter which basically called Carl Icahn a dummy, Yahoo! (YHOO) responded to the billionaire's plan to offer an alternate slate of directors by writing that his understanding of the portal company's M&A negotiations "reflects a significant misunderstanding of the facts." The letter was has two core arguments. The first is that the board offered a legal defense of its fiduciary actions by saying it has met twenty times to talk about the offer from Microsoft (MSFT). Then the board made the point that, based on Yahoo!'s future prospects, the company is worth at least $37 a share. It... http://feeds.feedburner.com/~f/typepad/RyNm?i=NYRhiH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=NYRhiH) http://feeds.feedburner.com/~f/typepad/RyNm?i=LXMYUH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=LXMYUH) http://feeds.feedburner.com/~f/typepad/RyNm?i=XLd5Dh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=XLd5Dh)
complete story here... (http://www.247wallst.com/2008/05/yahoo-yhoo-call.html)