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Yahoo gives Carl Icahn 3 seats on its board
Summary from multiple countries, from articles in English
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SAN FRANCISCO - Yahoo s board and management earned a reprieve after a weekend deal ended a bruising and acrimonious fight for control of the company with Carl C. Icahn (article 5)
In the deal, announced on Monday, Mr. Icahn agreed to drop his proxy bid to replace Yahoo's directors in exchange for three seats on an expanded board. (article 5)
Even so, with many shareholders angry at the company's lagging performance and falling share price, Yahoo's future remains up in the air. (article 5)
Wall Street closed modestly lower on Monday as the price of oil regained ground and investors cashed in some gains from the stock market's rally last week. (article 1)
Oil rose on concerns that the threat of new sanctions against Iran over its nuclear program might escalate tensions in the Middle East. (article 1)
Activist investor Carl Icahn revealed Monday that Miller is a candidate for one of the two open board seats Icahn gets in a deal avoiding a battle for control of Yahoo. (article 9)
The colorful corporate raider, who has been locked in a public feud with Yahoo over its rejection of Microsoft Corp.'s takeover attempt, spent more than $1.5 billion to amass a 5 percent stake in Yahoo and snag the board seats. (article 7)
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Other summaries about this story:
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Story keywords
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Yahoo, Icahn, Microsoft, board, Yang |
Source articles
- Shares Decline Modestly as Oil Prices Rise Again (nytimes.com, 07/22/2008, 530 words)
- Yahoo makes agreement with Icahn (BBC News, 07/21/2008, 174 words)
- Yahoo gives Carl Icahn 3 seats on its board (cbc.ca, 07/21/2008, 212 words)
- Yahoo settles with Icahn to avert August showdown (seattletimes.nwsource.com, 07/21/2008, 1154 words)
- Yahoo Deal Wards Off Proxy Fight (nytimes.com, 07/22/2008, 805 words)
- Yahoo strikes truce with Icahn (boston.com, 07/22/2008, 343 words)
- Big fight, little fallout after Icahn battles (seattletimes.nwsource.com, 07/21/2008, 536 words)
- Institutional investors will play key role (boston.com, 07/22/2008, 340 words)
- Ousted AOL chief Miller could guide Yahoo strategy (seattletimes.nwsource.com, 07/21/2008, 545 words)
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blaster@cs.columbia.edu
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