Eric Savitz (Barron's) submits: Yahoo (YHOO) last afternoon released the text of a lengthy letter
to Carl Icahn from Yahoo Chairman Roy Bostock. The company’s basic
position is that Icahn doesn’t get it, and that the company remains
willing to talk to Microsoft (MSFT) or anyone else about a potential deal as long as the price is right.
“Unfortunately, your letter
reflects a significant misunderstanding of the facts about the
Microsoft proposal and the diligence with which our board evaluated and
responded to that proposal,” Bostock wrote. “A fair-minded review of
the factual record leads to one conclusion: that Yahoo’s 10-member
board, comprised of nine independent directors along with Yahoo CEO
Jerry Yang, remains the best and most qualified group to maximize value
for all Yahoo stockholders.” Complete Story »
...
Anytime
Eric Savitz (Barron's) submits: Yahoo (YHOO) last afternoon released the text of a lengthy letter
to Carl Icahn from Yahoo Chairman Roy Bostock. The company’s basic
position is that Icahn doesn’t get it, and that the company remains
willing to talk to Microsoft (MSFT) or anyone else about a potential deal as long as the price is right.
“Unfortunately, your letter
reflects a significant misunderstanding of the facts about the
Microsoft proposal and the diligence with which our board evaluated and
responded to that proposal,” Bostock wrote. “A fair-minded review of
the factual record leads to one conclusion: that Yahoo’s 10-member
board, comprised of nine independent directors along with Yahoo CEO
Jerry Yang, remains the best and most qualified group to maximize value
for all Yahoo stockholders.” Complete Story »
...