Icahn vs. Yahoo Proxy Battle
| May 22nd, 2008 |
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| Mr. Icahn currently has a 4.3% stake in yahoo along with many
supporters. Third Point LLC, the activist hedge-fund firm run by
Daniel Loeb, strongly supports Mr. Icahn's proxy slate and has bought
more than four million shares in Yahoo since March 31, although the
firm's investments remain below 10 million shares. Paulson & Co. firm
hold 50 million Yahoo shares, or a 3.7% stake, and also support Mr.
Icahn's slate. The most recent supporter is Texas billionaire T. Boone
Pickens who bought 10 million shares of Yahoo, or a roughly 0.75%
stake and stated that he too was in support of Mr. Icahn. However even
with all of these players supporting the nominations for a new board
it is unclear whether or not they will have enough sway to pass the
new board. Especially in light of the fact that cofounders Jerry Yang
and David Filo have a 10% combined stake and Capital World Investors
division of Capital Research & Management Co., holds roughly a 10%
stake. It is said that some investors are wary of backing Mr. Icahn
because there is currently no offer from Microsoft on the table. |
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For Detailed Investor Profiles on these Investors, click below: |
| Andrew Hoine; | Carl Icahn; | Carl Icahn; | Daniel Loeb; | James L. Carruthers; | John Paulson; | Mena Gerowin; | Mike Barr; | Robert L. Stillwell; | Robert Schwartz; | Ronald D. Bassett; | Stuart Merzer; | T. Boone Pickens; | Tim Lash | | BP Capital Equity Fund; | Icahn & Co Inc; | Icahn & Co Inc; | Icahn Associates; | Icahn Associates; | Icahn Enterprises (formerly American Real Estate Partners); | Icahn Enterprises (formerly American Real Estate Partners); | Icahn Fund Ltd; | Icahn Fund Ltd; | Icahn Partners LP; | Icahn Partners LP; | Paulson Advantage Master Ltd; | Paulson Advantage Plus Master Ltd; | Paulson Real Estate Recovery Fund; | PCI; | TBP Investments Management, LLC; | Third Point LLC; | Third Point Opportunities Master Fund LP; | Third Point Resources LP; | Third Point Ultra Master Fund LP; | Third Point Ventures | More Recent Headlines
