Wednesday, May 21, 2008
T. Boone Pickens said he bought 10 million shares of Yahoo and supports Carl Icahn's effort to replace the Yahoo board. While some other big shareholders have indicated their support for Icahn, his success may depend on whether Microsoft renews its offer to take over the company. The Yahoo shareholders meeting is set for July 3. WSJ, Icahn Gains New Support in Yahoo Push.
For more information about Icahn's blue-chip slate of nominees for the Yahoo board, see WSJ, Icahn's Gate Crashers Could Be Asked to Stay.