May 13, 2008
Icahn Purchases Yahoo Stock and Considers Proxy Contest
Carl Icahn reportedly has purchased about 50 million shares of Yahoo stock since Microsoft withdrew its bid and is trying to decide whether to launch a proxy campaign to replace some or all of the directors at the upcoming July 3 shareholders' meeting. Yahoo's deadline for board nominations is Thursday. WSJ, Icahn Enters Microsoft-Yahoo Fray.
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