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December 2, 2008 10:09:59 PM CST


proxy battle

proxy battle news stories

21 - 28 of 28 Stories | << Prev 1 2

Motorola Agrees
to Seat 2 Icahn
Board Picks

Billionaire, company reach truce; Icahn drops proxy threat

(Newser) - Carl Icahn, who last month pressured Motorola into selling off its troubled mobile phone division, added win No. 2 yesterday in his battle with the telecommunications equipment maker, as the company agreed to nominate two Icahn’s candidates to its board, the Wall Street Journal reports. Icahn will drop his threatened proxy battle in return. More »

More about:  cell phones Carl Icahn proxy battle Motorola Greg Brown

Yahoo Says Microsoft Is
at Fault on Stalled Talks

Yang fires back after Ballmer ultimatum

(Newser) - Yahoo execs fired back a response this morning to Microsoft CEO Steve Ballmer's weekend ultimatum giving the Yahoo board a deadline of 3 weeks to avoid a hostile takeover. CEO Jerry Yang and Chairman Roy Bostock reiterated that the Microsoft offer is still too low—it has declined in value as Microsoft stock has continued to skid—but said they're still open to a sweetened deal. They accused Ballmer of being the one who's failing to negotiate. More »

More about:  Microsoft Yahoo acquisition Steve Ballmer proxy battle

Microsoft Threatens Hostile Takeover of Yahoo

Corporation promises proxy battle, threatens lower buyout price

(Newser) - Yahoo has 3 weeks to accept Microsoft’s takeover before things get hostile, Microsoft warned in a letter to Yahoo execs today. “The substantial premium reflected in our initial proposal anticipated a friendly transaction,” wrote Microsoft CEO Steve Ballmer, who promised a proxy director battle and implied a lower sale price. “If we are forced to take an offer directly to your shareholders," Microsoft's $40 billion offer would tumble. More »

More about:  Microsoft Yahoo mergers and acquisitions Steve Ballmer proxy battle hostile takeover

Microsoft Standing Pat
on Yahoo Bid

Sans other suitors, Microsoft feels no pressure to up its $44B

(Newser) - Microsoft is standing pat on its $44.6 billion offer for Yahoo, with no intention of upping its ante, reports the Wall Street Journal. The software maker’s Jan. 31 bid—worth $31 per share—was rejected by Yahoo as undervalued. Since then, pundits have waited for Microsoft to raise its bid, possibly as high as $40. More »

More about:  Microsoft Yahoo MySpace mergers and acquisitions proxy battle

 Icahn Ups 
 Ante in 
 Motorola Battle  

Billionaire investor sues for board documents in proxy fight

(Newser) - Billionaire Carl Icahn is turning up the heat on Motorola in his battle for more control, filing a lawsuit for access to board documents. The move follows his rejection of the company’s offer of two board seats—instead of the four he's seeking—and calling its refusal to seat one of his board candidates “intolerable and reprehensible,” reports the Wall Street Journal . Icahn is waging a proxy battle for the seats prior to Motorola’s May 5 shareholder meeting. More »

More about:  Carl Icahn telecommunications proxy battle Motorola mobile devices handsets

Yahoo Buys Time to Delay Proxy Battle

May postpone meeting to pursue talks with Microsoft,  AOL

(Newser) - Yahoo may postpone its annual meeting to delay a proxy battle with Microsoft, reports the New York Times . The move would temporarily fend off a hostile takeover bid by the computer giant, and buy Yahoo some time to weigh its options, including a negotiated deal with Microsoft and a merger or joint venture with Time Warner’s AOL. Microsoft’s bid currently is worth $41.2 billion. More »

More about:  Google Microsoft Yahoo mergers and acquisitions News Corp Jerry Yang AOL proxy battle hostile takeover takeover bid

Microsoft Talks Tough; Proxy Battle Likely

Gates says Yahoo should 'take a hard look' at $41.6B bid

(Newser) - Microsoft, at loggerheads with Yahoo over its $41.6-billion offer for the popular web portal, is talking tough, threatening a proxy battle to unseat Yahoo’s reticent board of directors, reports the Wall Street Journal . But even a win, which experts say would be relatively cheap to achieve, could cost Microsoft in the form of Yahoo employee animosity and attrition. More »

More about:  Microsoft Yahoo MySpace News Corp acquisition Bill Gates Jerry Yang AT&T proxy battle

Microsoft to Engineer Proxy Fight for Yahoo's Board

Ballmer, Gates playing hardball

(Newser) - Rather than raise its $44.6 billion hostile takeover bid, Microsoft will start a proxy fight at Yahoo, with an eye to nominating a slate of directors for the board by mid-March. The hardball tactic will cost less than upping the bid—$20 million or $30 million will pay a proxy solicitor and buy shareholder mailers—but it comes with real downsides, the New York Times reports. More »

More about:  Microsoft Yahoo proxy battle hostile takeover board of directors

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