THURSDAY JULY 10
Are We Really Haggling Over $2?

A twist has emerged in Carl Icahn’s fight to oust Yahoo!’s board and sell the company. Legg Mason’s Bill Miller wants $33 a share, while Gordon Crawford of Capital Research and Management is willing to settle for $31. Yahoo! apparently is willing to settle for ceding a limited number of board seats, but apparently the two sides are worlds apart.

July 2008

A rift is developing among some large Yahoo! shareholders that could affect billionaire Carl Icahn's plans to toss out the Internet icon's board and sell the company to Microsoft, The Post has learned.

On one side is Bill Miller, the legendary investor whose Legg Mason Capital Management owns 4.7 percent of Yahoo! shares. Miller wants a pledge that Icahn won't sell the company for less than $33 a share before he supports a new board.

Continue reading on NY Post

RELATED ARTICLES
July 2008
Table of Contents
NO COMMENTS YET
ADD YOUR COMMENT

Name Email
Subject
Comment
Scan this issue:

Next article » The Deal that Never Dies

Previous article « Fresenius to Buy APP Pharmaceuticals