It's interesting to ponder this. YHOO goes up or down for what reason?
Yahoo's soul = searchSearch did have value, Bartz underestimated it, Balmer is trying to help her save face but it's not working.
think administrative law process......not a pass/fail test.....they get comments, allow discussion....if there's a problem there will be plenty of slack for revision.....probably the worst case is addressed in the deal contract.....don't expect "denial"....worst case is delay....
it will drop. the whole thing was based on a deal for the l;ast year. this is all they have now, as unimpressive as it is, if denied, yhoo has nothing to left hang it's hat on.
Maybe not true: valuations by analysts that targeted the stock in the 19's or even 20 didn't take the MSFT deal into consideration. No: it's the gutting of the company by stripping it of its soul--search--that has caused this rampant buy-off.
based on the reaction.. logically it should go up.. but it wouldn't.. Cause this has nothing to do with logic or business.. its about emotion.