Third Point's Loeb Backs Yahoo! (YHOO) CEO Mayer's Cash Plan - Reuters
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Yahoo! (Nasdaq: YHOO) shares are ticking higher following Reuters reporting that Director Dan Loeb, of the hedge fund Third Point, is backing CEO Marissa Mayer's Alibaba cash plan, which would see limited or no shareholder payouts.
Shares are still down 5.3 percent Friday.
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Shares are still down 5.3 percent Friday.
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