Yahoo Responds to Icahn, Claims Financier Misunderstands FactsAuthored by Mark Hefflinger on May 16, 2008 - 9:27am.
Sunnyvale,
Calif. - Responding to a letter
from rogue shareholder Carl Icahn blasting the company for failing to accept
Microsoft's (NASD: MSFT) $33-a-share takeover offer and threatening a proxy fight for
control of its board, Yahoo (NASD: YHOO) late Thursday fired back, saying that Icahn's view
"reflects a significant misunderstanding of the facts."
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