Yahoo! (YHOO) Shares Bouncing Following Letter from Loeb's Third Point
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Shares of Yahoo! (Nasdaq: YHOO) have ticked about 1 percent higher following a letter from Daniel Loeb's Third Point which makes clear the fund wants the removal of Jerry Yang as well as two seats on the company's Board.
The stock last traded at $15.27, down 1.4 percent from Thursday's close, but well off session lows.
The stock last traded at $15.27, down 1.4 percent from Thursday's close, but well off session lows.
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