Microsoft renews bid despite Yahoo rejection
,----[ Quote ]
| Microsoft, which called its bid "full and fair," could switch from wooing
| Yahoo's leaders to declaring war on them by making allies of shareholders in
| order to oust board members at annual elections mid-year.
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http://news.yahoo.com/s/afp/20080212/bs_afp/usitcompanytakeovermicrosoftyahooreject
http://tinyurl.com/392c6r
The company is fighting for /long-term/ survival. That's the vicious bully
people predicted it would become at this stage. It'll probably bribe investors
and call it something like "marketing help", "compensation", "Free Ferrari
laptops", "lucrative trips to Washington" or "incentives".
Related and recent:
Microsoft to take case to Yahoo shareholders: report
,----[ Quote ]
| The board believes Redmond, Wash.-based Microsoft is trying to take advantage
| of some recent weakness in Yahoo's share price in order to "steal" the
| company, the report said.
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http://www.marketwatch.com/news/story/microsoft-take-case-yahoo-shareholders/story.aspx?guid=%7B7F963245%2D5B26%2D4A77%2D8D18%2D4D2122A9D4AE%7D&siteid=yhoof
http://tinyurl.com/3dpl6n
Yahoo's Board: If Extortion Fails, It Isn't Our Money Anyway
http://seekingalpha.com/article/64022-yahoo-s-board-if-extortion-fails-it-isn-t-our-money-anyway?source=yahoo
,----[ Quote ]
| Microsoft is threatening to launch a boardroom coup at Yahoo! within six
| ^^^^^^^^^^^^^^^^^^^^^
| weeks if the internet search engine fails to accept its $45 billion (£23
| billion) hostile takeover proposal or start serious merger talks, The Times
| has learned.
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http://business.timesonline.co.uk/tol/business/industry_sectors/technology/article3300964.ece?EMC-Bltn=LOXCF1
Options Before Microsoft: Upping Bid; Tender Offer; Hostile Takeover; Pressure
Tactics
,----[ Quote ]
| Hostile board overthrow: This would be the most contentious, and Microsoft
| has indicated its willingness to go through with this if need be: it could
| seek to oust Yahoo's board at its next election; it would have until March 13
| to nominate a new slate of directors. Yahoo has taken "poison pill"
| provisions, and Microsoft have to oust the board to get past these
| provisions.
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http://biz.yahoo.com/paidcontent/080209/1_319741_id.html?.v=1
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