proxy battle

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Icahn Eyeing Proxy Battle for Yahoo

Billionaire investor has bought 50 million shares since Microsoft backed off

(Newser) - 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...

Icahn Grabs Yahoo Stake, Could Try to Force Sale

Investor has bought 4% interest since Microsoft dropped bid; decision tomorrow

(Newser) - 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...

Ballmer May Seek Middle Path on Yahoo
Ballmer May Seek Middle Path on Yahoo
ANALYSIS
Apr 30, 2008 7:13 AM CDT

Ballmer May Seek Middle Path on Yahoo

Microsoft could nominate proxy slate, wait on hostile offer

(Newser) - Steve Ballmer's next move on Yahoo is expected momentarily, and one option is to nominate a proxy slate for the board of directors, the Wall Street Journal reports, but hold off on making a new hostile bid for the company. Microsoft could buy time for setting a new price for...

Yahoo, AOL May Merge; Murdoch-Microsoft In Talks

Two Internet-shaking deals stem from Microsoft-Yahoo talks

(Newser) - Two groundbreaking Internet deals are in the works, both related to Microsoft's desire to take over Yahoo, the Wall Street Journal reports. In one, Yahoo is considering combining its online operations with Time Warner's AOL. In the other, Rupert Murdoch's News Corp. is in talks to join Microsoft in its...

Yahoo Investor Calls Microsoft Threat a Blunder

Stakeholder Legg Mason will support Yahoo if Microsoft tries to drop price

(Newser) - Yahoo received a tepid endorsement from its second-largest shareholder yesterday as its takeover battle with suitor Microsoft continued to heat up, the Wall Street Journal reports. Legg Mason, which holds a 7% stake in Yahoo, said it would back an independent Yahoo before it would sell its stake at a...

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...

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...

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...

Microsoft Standing Pat on Yahoo Bid
Microsoft Standing Pat
on Yahoo Bid
Apr 1, 2008 12:14 PM CDT

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...

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...

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...

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 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...

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