Billionaire Icahn plans dissident board for Yahoo

by cynthia yoo | May 14, 2008 at 02:00 pm

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Amid the fall-out from the failed Microsoft-Yahoo merger, is the recent move by billionaire investor Carl Icahn to create a dissident board slate at Yahoo Inc.

Sources familiar with the plan, told Reuters that:

Icahn, who has amassed a large stake in the Internet company, has lined up at least 12 potential board candidates and could announce the slate as early as Wednesday night.

The deadline for nominating a dissident slate is Thursday.
Big investors in Yahoo have publicly chastised Yahoo for failing toseal a buyout deal with Microsoft Corp, which abruptly ended talksearlier this month after balking at Yahoo's $37 per share asking price.