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Yahoo! to Microsoft and Icahn: Put up or shut up |
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by Stephen Withers
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Tuesday, 08 July 2008 |
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Page 3 of 3 Microsoft did not carry through with its threat and instead withdrew its bid in May, with CEO Steve Ballmer saying Yahoo!'s asking price of $US37 was too high.
In mid-May, billionaire investor Carl Icahn put forward a slate of replacement directors, claiming the present board had acted irrationally by rejecting Microsoft's advances.
Yahoo! shareholders will have their opportunity to choose between the current board and Icahn's team at the company's annual meeting scheduled for August 1.
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