Yahoo! (YHOO) Down 2% Following Icahn Settlement News
Tweet
Share
E-mailGet Alerts YHOO Hot Sheet
Join SI Premium – FREE
Yahoo! Inc. (Nasdaq: YHOO) is trading down 2% this AM following news of a settlement with activist investors Carl Icahn.
Under the terms of the deal, Icahn will be appointed to the board and two others from Icahn's slate will be nominated to the board.
Investors are selling the stock this AM as they see less of a chance of a deal with Microsoft (Nasdaq: MSFT) near-term.
Under the terms of the deal, Icahn will be appointed to the board and two others from Icahn's slate will be nominated to the board.
Investors are selling the stock this AM as they see less of a chance of a deal with Microsoft (Nasdaq: MSFT) near-term.
You May Also Be Interested In
- China's Moonshot in talks with Microsoft, Amazon, Google over K3 revenue sharing - Reuters
- Hunterbrook Capital is short bonds issued by Sammons Financial Group and short Guggenheim Strategic Opportunities Fund
- Mavis acquires Pep Boys from Icahn Enterprises for $700M
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkRelated Entities
Carl IcahnSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
