Friday, May 16, 2008

Text of Icahns Letter to Yahoo Board - New York Times

This is good. Yet another case of "this will be used in at least some classes!"

Text of Icahns Letter to Yahoo Board - New York Times:
"It is irresponsible to hide behind managements more than overly optimistic financial forecasts. It is unconscionable that you have not allowed your shareholders to choose to accept an offer that represented a 72% premium over Yahoos closing price of $19.18 on the day before the initial Microsoft offer. I and many of your shareholders strongly believe that a combination between Yahoo and Microsoft would form a dynamic company"


Does anyone know of anyone writing a case on this? I would like to but don't want to reinvent the wheel.

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[Source: FinanceProfessor.com]

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