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 Send to email | Carl Icahn begins proxy bid for Yahoo in News |  By Joshua Karp
el 15-May-2008 |
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Yahoo, fresh off the Microsoft rollercoaster, is about to find itself in the midst of yet another takeover bid. Carl Icahn, the world’s 46th richest man, is about to begin a proxy bid for the internet giant. The mogul has nominated a board of 10 people to replace the current Yahoo board of advisers. In a letter to Yahoo’s current chairman Roy Bostock, Icahn takes the existing board to task for mishandling the Microsoft takeover bid, promising more efficient and successful management if his 10 member board is installed. Icahn goes on to promise a successful merger negotiation with Microsoft if his proxy bid is successful, which he hopes to execute during the Yahoo board’s planned July 3rd meeting. This is a bit of an unexpected move, but Icahn has consistently demonstrated a willingness to act aggressively and decisively, something Yahoo is currently in dire need of.
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| Carl Icahn begins proxy bid for Yahoo | | Yahoo, fresh off the Microsoft rollercoaster, is about to find itself in the midst of yet another takeover bid. Carl Icahn, the world’s 46th richest man, is about to begin a proxy bid for the internet giant. The mogul has nominated a board of 10 people to replace the current Yahoo board of advisers. In [...] [..] Read complete article | | Published 15-May-2008 by Joshua Karp in News
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| Yahoo: We Will Slay Hedge Fund Wolf Pack in Proxy Fight |  A secret Yahoo (YHOO) source tells the WSJ that Yahoo thinks its shareholders will reject the Icahn proxy fight. Unless Icahn delivers a Microsoft (MSFT) transaction before the July 3 shareholder meeting, we agree.
Moreover, as we've said, we think voting against the Icahn slate in the absence of a deal is the right move: Steve Ballmer is not a moron, and if Icahn decapitates Yahoo's boa [..] Read complete article | | Published 21-May-2008 by Silicon in MSFTYHOO
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Now that his proxy fight against Yahoo management is over, Carl Icahn says he's going to become a much more prolific blogger. Next post: lobbing a brick back at the Wall Street Journal over [..] 
Add this to the list of reasons we won't be voting for Carl Icahn's Yahoo (YHOO) slate: If he wins the proxy contest, this will trigger the massive severance-bonus plan Yahoo put in place to [..] 
He's about to become a Yahoo (YHOO) board member. He owns 5% of the company. Yet Carl Icahn, who led a proxy fight to replace Yahoo board and management, won't be attending [..] 
Here's the official end of the Yahoo-Icahn proxy war: Yahoo will give the corporate raider 3 seats on its board (one for himself, plus two more), and Carl agrees stop fighting. The basics: [..] 
The drubbing Carl Icahn took last week may just have beaten the stuffing out of him. The raider "hinted" that he might not press forward with his campaign to get Yahoo's board fired, Reuters [..] 
Yahoo's stock (YHOO) abruptly reversed its long, slow slide to $20 on news that Carl Icahn may launch a proxy fight for the company. Scott Galloway, an activist investor who recently forced [..] 
