May 30
Custom Search
SAN FRANCISCO (MarketWatch) — Activist investor Carl Icahn has been cleared by
the Federal Trade Commission to make large purchases of Yahoo Inc. stock as part
of his effort to launch a proxy fight to replace the company’s board of
directors, according to a Reuters report Friday. Icahn has nominated his own
slate of candidates for Yahoo’s board, in an effort to push the Internet company
back to merger negotiations with Microsoft Corp. . Microsoft made a $44.6 billion
acquisition bid for Yahoo in February, though it later pulled the bid after
negotiations faltered.
![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif "\\"){kind=small}
Author: admin
No comments yet.
Comments RSS TrackBack Identifier URI
Leave a comment
You must be logged in to post a comment.
No Comments