Activist investor gets seats for 2 allies
Wall Street Journal Jul 21, 08 7:27 AM CDT
(Newser)
-
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 »
Link shows decline in businesses he's worked with
PC World Jul 19, 08 12:22 PM CDT
(Newser)
-
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 »
CEO accuses
Icahn-allied giant of pretending to want deal
Wall Street Journal Jul 9, 08 8:49 AM CDT
(Newser)
-
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 »
Company turns to shareholders in merger
Wall Street Journal Jul 7, 08 8:15 AM CDT
(Newser)
-
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 »
Company gives take on negotiation as clock ticks on Icahn proxy fight
MarketWatch Jun 30, 08 4:34 PM CDT
(Newser)
-
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 »
ANALYSIS
Microsoft fiasco most public of Yahoo's woes; '09 could be tougher
CNNMoney Jun 19, 08 12:32 PM CDT
(Newser)
-
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 »
But pricey severance plan kicks in if Icahn wins proxy fight, Yahoo says
Wall Street Journal Jun 11, 08 9:52 AM CDT
(Newser)
-
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 »
Says corporate raider 'grossly' distorted, lacks 'credible plan' other than Microsoft sale
New York Times Jun 5, 08 9:38 AM CDT
(Newser)
-
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 »
Says Jerry wrecked Microsoft deal, and he's out if proxy bid wins
Wall Street Journal Jun 4, 08 6:46 AM CDT
(Newser)
-
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 »
Activist investor plans additional $2.5B outlay to boost proxy bid
MarketWatch May 30, 08 2:52 PM CDT
(Newser)
-
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 »
Company buys more time to prepare for proxy battle
Forbes May 23, 08 9:15 AM CDT
(Newser)
-
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 »
'I'll jump in with Carl'
on proxy issue, he says
Wall Street Journal May 21, 08 7:59 AM CDT
(Newser)
-
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 »
Updated
Billionaire investor launches bid to oust board
Wall Street Journal May 15, 08 9:28 PM CDT
(Newser)
-
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 »
Billionaire has lined up 12 people for a new board
Reuters May 14, 08 6:36 PM CDT
(Newser)
-
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 »
Investor's attempt to force Yahoo sale could seriously hurt its value
MarketWatch May 14, 08 2:51 PM CDT
(Newser)
-
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 ultimat