Yahoo! (YHOO) Down 2% Following Icahn Settlement News
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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.
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