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July 25, 2008 6:10:32 PM CDT

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Stories related to: proxy battle

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  • July 2008

    • Deal Puts Icahn on Yahoo Board

      newser  |  Wall Street Journal  |  Jul 21, 08 7:27 AM CDT

      Deal Puts Icahn on Yahoo Board

      Yahoo will add two seats to its board of directors and put Carl Icahn in one of them, reports the Wall Street Journal, in a deal that ends Icahn’s proxy fight. Eight of Yahoo’s current board members, including CEO Jerry Yang, will keep their seats, while a ninth will resign. The board will select two members of Icahn’s proxy slate to fill his seat, and the newly created one. More »

      Tags

      Yahoo  • Jerry Yang  • Carl Icahn  • proxy battle  • board of directors

    • Yahoo Takes Icahn Fight to Homepage

      newser  |  PC World  |  Jul 19, 08 12:22 PM CDT

      Yahoo Takes Icahn Fight to Homepage

      A new button on Yahoo's homepage links users to the company's case against activist investor Carl Icahn, PC World reports. Icahn is seeking to unseat Yahoo's board at its Aug. 1 general meeting. The page links to voting forms and leaves shareholders in no doubt how the company thinks they should vote: A purple banner carries the Icahn quote, "It's hard to understand these technology companies." More »

      Tags

      Yahoo  • Jerry Yang  • Carl Icahn  • shareholders  • proxy battle  • takeover bid

    • Yang Slams 'Destabilizing' Microsoft Plan

      newser  |  Wall Street Journal  |  Jul 9, 08 8:49 AM CDT

      Yang Slams 'Destabilizing' Microsoft Plan

      Yahoo CEO Jerry Yang launched a fresh offensive in the Yahoo-Microsoft war of words yesterday, reports the Wall Street Journal . Microsoft has said it would be interested in reopening merger talks if Yahoo's current board was replaced—but the Yahoo co-founder accuses the company of tactics to destabilize Yahoo without any real interest in cutting a deal. More »

      Tags

      Microsoft  • Yahoo  • Jerry Yang  • Carl Icahn  • proxy battle  • takeover bid

    • InBev Brews Plan to Oust Anheuser-Busch Directors

      newser  |  Wall Street Journal  |  Jul 7, 08 8:15 AM CDT

      InBev Brews Plan to Oust Anheuser-Busch Directors

      InBev is turning up the heat in its $46.35-billion attempt to take over St. Louis-based Anheuser-Busch, seeking to replace the company's board with a new slate of directors. The move aims to allow shareholders a direct say on the merger bid that was spurned last month, reports the Wall Street Journal. The Belgian-Brazilian brewer offered stockholders $65 a share, a 35% premium. More »

      Tags

      acquisitions  • proxy battle  • Anheuser-Busch  • hostile takeover  • InBev

  • June 2008

    • Yahoo's Defensive Stance: Microsoft 'Inconsistent' in Bid

      newser  |  MarketWatch  |  Jun 30, 08 4:34 PM CDT

      Yahoo's Defensive Stance: Microsoft 'Inconsistent' in Bid

      As it tries to fend off investor Carl Icahn's attempt to replace its board of directors, Yahoo today presented its version of buyout negotiations with Microsoft to shareholders, MarketWatch reports. Yahoo portrayed Microsoft as “unresponsive, inconsistent,” and loose on logistic details of the proposed merger. "The record casts doubt on whether Microsoft was ever committed to a whole company acquisition," its report said. More »

      Tags

      Microsoft  • Yahoo  • Carl Icahn  • proxy battle  • takeover bid

    • Yang's First Year Leaves Many 'Disillusioned'

      newser  |  CNNMoney  |  Jun 19, 08 12:32 PM CDT

      Yang's First Year Leaves Many 'Disillusioned'

      Yahoo’s stock has slipped 16.5%, the company might as well be wearing a sign that says “take me over,” and there’s a line of shareholders waiting to sue for what they say was a mishandled non-deal with suitor Microsoft, Fortune reports—not quite the scenario Jerry Yang likely envisioned when he took over as CEO a year ago yesterday. More »

      Tags

      Yahoo  • Jerry Yang  • Carl Icahn  • proxy battle  • shareholder revolt

    • Icahn: Yahoo Poison Pill 'Reprehensible'

      newser  |  Wall Street Journal  |  Jun 11, 08 9:52 AM CDT

      Icahn: Yahoo Poison Pill 'Reprehensible'

      Billionaire investor Carl Icahn yesterday called Yahoo’s poison-pill severance plan, designed to deter hostile takeovers, “reprehensible,” the Wall Street Journal reports, but Yahoo said the measure would kick in if Icahn wins control of the board. "Now they found a way to entrench themselves forever," Icahn said, even as a shareholder group went to court to block the plan. More »

      Tags

      Microsoft  • Yahoo  • mergers and acquisitions  • Carl Icahn  • proxy battle

    • Yahoo Chair Hits Back at Icahn

      newser  |  New York Times  |  Jun 5, 08 9:38 AM CDT

      Yahoo Chair Hits Back at Icahn

      The chairman of Yahoo's board was quick to fire back at accusations leveled by Carl Icahn yesterday, reports the New York Times . An open letter from Roy Bostock to the corporate raider said Icahn's claim that Yahoo's board had sabotaged a Microhoo deal grossly distorted the board's position, and went on to trash Icahn's "puzzling" plans for Yahoo. More »

      Tags

      Microsoft  • Yahoo  • Carl Icahn  • proxy battle  • takeover

    • Icahn to Yang: I've Got Your Pink Slip

      newser  |  Wall Street Journal  |  Jun 4, 08 6:46 AM CDT

      Icahn to Yang: I've Got Your Pink Slip

      Billionaire investor Carl Icahn wants Jerry Yang out of Yahoo's CEO seat, and has a pink slip waiting if his proxy action to take over the board is successful, reports the Wall Street Journal . Icahn yesterday unleashed a torrent of criticism of Yang’s role in the aborted Microsoft buyout deal—even as a January 2007 $40-a-share offer came to light this week—and says the software giant no longer trusts Yang. More »

      Tags

      Microsoft  • Yahoo  • Carl Icahn  • proxy battle  • takeover

  • May 2008

    • Feds Approve Icahn's Yahoo Stock Buys

      newser  |  MarketWatch  |  May 30, 08 2:52 PM CDT

      Feds Approve Icahn's Yahoo Stock Buys

      The Federal Trade Commission gave Carl Icahn approval to purchase additional chunks of Yahoo stock, part of the activist investor's plan to gain control of the company's board and perhaps force a sale, MarketWatch reports. Icahn already owns 59 million Yahoo shares and options and is reportedly seeking 93 million more (a $2.5 billion value). More »

      Tags

      Microsoft  • Yahoo  • Carl Icahn  • shareholders  • proxy battle  • billionaire  • investor

    • Yahoo Postpones Boardroom Showdown

      newser  |  Forbes  |  May 23, 08 9:15 AM CDT

      Yahoo Postpones Boardroom Showdown

      Yahoo has pushed back its annual shareholder meeting for a second time, reports Forbes , delaying a showdown for control of its board. One of Yahoo's 10 directors resigned yesterday, leaving nine up for re-election at the meeting. Carl Icahn has nominated an alternate slate of directors, including himself, and will try to push through a deal with Microsoft if victorious. More »

      Tags

      Yahoo  • Carl Icahn  • shareholders  • proxy battle  • board of directors

    • Oilman Pickens Throws in With Icahn in Fight to Control Yahoo

      newser  |  Wall Street Journal  |  May 21, 08 7:59 AM CDT

      Oilman Pickens Throws in With Icahn in Fight to Control Yahoo

      Carl Icahn's proxy bid to replace Yahoo’s board won the backing of legendary oilman T. Boone Pickens yesterday, reports the Wall Street Journal, but without a firm offer from Microsoft to acquire Yahoo the effort could still struggle . "I'll jump in with Carl. He goes in first, I jump in behind him," Pickens told CNBC. More »

      Tags

      Microsoft  • Yahoo  • Carl Icahn  • proxy battle  • T. Boone Pickens

    • Yahoo Says Icahn Doesn't Understand Full Picture

      newser  |  Wall Street Journal  |  May 15, 08 9:28 PM CDT

      Yahoo Says Icahn Doesn't Understand Full Picture

      Hours after Carl Icahn began his quest to take over Yahoo’s board, the company issued a statement saying he has a "significant misunderstanding" of the recent Microsoft purchase offer, the Wall Street Journal reports. Icahn wants to unseat the current Yahoo board, replace it with one of his own, and force the company to try to forge a deal with Microsoft. More »

      Tags

      Microsoft  • Yahoo  • mergers and acquisitions  • Carl Icahn  • proxy battle  • Mark Cuban

    • Icahn to Move Ahead With Yahoo Proxy Fight

      newser  |  Reuters  |  May 14, 08 6:36 PM CDT

      Icahn to Move Ahead With Yahoo Proxy Fight

      Billionaire investor Carl Icahn will move ahead with his plan to unseat Yahoo's current board of directors and force a sale to Microsoft, Reuters reports. Icahn, who has bought about 50 million Yahoo shares since Microsoft withdrew its offer May 3, has lined up 12 members for his dissident board ahead of tomorrow's deadline. The move is risky because Microsoft has given no indication whether it will renew its offer for a new board. More »

      Tags

      Microsoft  • Yahoo  • Carl Icahn  • proxy battle

    • Analysts Doubt Icahn's Proxy Prospects

      newser  |  MarketWatch  |  May 14, 08 2:51 PM CDT

      Analysts Doubt Icahn's Proxy Prospects

      Analysts are doubtful financier Carl Icahn could successfully force Yahoo back to the table with Microsoft after taking a stake in the search giant, MarketWatch reports. "A successful proxy battle is a bit like a scorched earth policy,' one analyst says. " You may win the battle but what you ultimately win will be so damaged that it wasn't worth fighting for." More »

      Tags

      Microsoft  • Yahoo  • Carl Icahn  • proxy battle

    • Icahn Eyeing Proxy Battle for Yahoo

      newser  |  Wall Street Journal  |  May 14, 08 8:02 AM CDT

      Icahn Eyeing Proxy Battle for Yahoo

      Billionaire Carl Icahn, fresh off his successful battle to reshuffle Motorola’s board, may launch a proxy fight for control of Yahoo after buying some 50 million shares of Yahoo since Microsoft’s failed takeover bid, reports the Wall Street Journal . The deadline for board nominations is Thursday. Icahn may be looking to use his leverage to push Yahoo back toward Microsoft, the Journal notes. More »

      Tags

      Microsoft  • Yahoo  • private equity  • Carl Icahn  • proxy battle

    • Icahn Grabs Yahoo Stake, Could Try to Force Sale

      newser  |  Wall Street Journal  |  May 13, 08 5:39 PM CDT

      Icahn Grabs Yahoo Stake, Could Try to Force Sale

      A new player has entered the Microsoft-Yahoo epic, the Wall Street Journal reports: billionaire investor Carl Icahn. He has bought about a 4% stake in Yahoo since Microsoft withdrew its offer to buy on May 3. Icahn will decide by tomorrow whether to launch an attempt to take over Yahoo's board and perhaps force a sale. More »

      Tags

      Microsoft  • Yahoo  • Carl Icahn  • proxy battle  • hostile takeover

  • April 2008

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