 |
User: Login |
Weblog covering digital business
Digital Business, Live From New York |
| Address URL | http://www.alleyinsider.com/ Registered: 22-Mar-2008 |
| Ads: | |
 Send to email | Yahoo: We Will Slay Hedge Fund Wolf Pack in Proxy Fight in MSFTYHOO |  By Silicon
el 21-May-2008 | 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 board and senior management at the July 3 meeting, Ballmer will go into delay mode until Icahn's new board begs him to buy the company. At which point he will--in the high $20s.
We don't think Legg Mason (5%+ holder) will support a "fire board and we'll sell the company" Icahn board. The WSJ also seems to imply that Capital Research & Management (16%+ holder) might not support it. Without either one of these shareholders, the proxy fight looks weak. Without both, it's toast.
See Also: If Icahn Can't Get Microsoft Deal Before Shareholder Meeting, He'll Lost Proxy Fight
WSJ chart of top 10 shareholders (Icahn has equivalent of 59 million shares):
yahooshareholders.gif: Paste this image in your site, Myspace, Facebook, Ebay copy this code...
Read 7 times
|
|
 |
| 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
Read 7 times. More hits in   |
|
|
Warning We are not responsible of information posted from external feeds. Use this website at your own risk.
Notice: We will not be liable for any direct or indirect loss or damage arising under this disclaimer or in connection with our website, whether arising in tort, contract, or otherwise.
|
|
| |
Hello, Guest
Online: 72 visitors
+ fotos
Legendary company-management insulter Dan Loeb of Third Point LLC couldn't resist joining the hedge-fund wolf-pack that has surrounded Yahoo's vegetarian headquarters, treeing poor Jerry Y [..] 
A final formality to the CNET-Jana fight: The hedge fund and its allies have officially quit pursuing the proxy fight they started earlier this year (SEC filing). No need for them to do so: By [..] 
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 [..] 
Carl Icahn owns 59 million Yahoo shares (YHOO), or 4% of the company. John Paulson, head of merger-arb shop Paulson & Co., who made a reported $3 billion personally shorting sub-prime la [..] 
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 [..] 
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 [..] 
