Icahn cleared to buy Yahoo stock: report

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.

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Technorati Tags: Acquisition, Activist, Board Of Directors, Buy Stock, Carl Icahn, Federal Trade Commission, Internet Company, Investor, Marketwatch, Merger Negotiations, Microsoft Corp, Negotiations With Microsoft, Proxy Fight, Reuters Report, S Board, San Francisco, Slate, Stock Report, Yahoo Inc, Yahoo Stock