Yahoo and Icahn reach agreement

Yahoo management and Carl Icahn, the share holder who seeks to replace the entire Yahoo board because of the way Yahoo handled Microsoft bid for Yahoo has reached and agreement. The agreement expands Yahoo board from eight members to eleven members. The new board comprise of the existing eight Yahoo board members,  Mr Icahn and two of his nominees.
The agreement meant Mr Icahn will not seek to replace the entire Yahoo board as he threatens to do at next board meeting.

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Written by temi · Filed Under Yahoo 
Tagged: Yahoo