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Yahoo! Inc. Message Board

  • yinvestor yinvestor Nov 16, 2011 1:50 PM Flag

    Yahoo cancelled their poison pill plan after rejecting MSFT four years ago...

    Yahoo cancelled their poison pill plan after rejecting MSFT four years ago...

    MSFT was trying to go with hostile take over on Yahoo but at that time Yahoo had the poison pill plan to prevent MSFT from doing so. After that, the angry shareholders managed to cancel this plan which only serves the benefits of the management team instead of the shareholders.

    Now whoever wants Yahoo could go for it!
    Bidding war is going to start!!!

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    • Yahoo did not cancel their poison pill plan after rejecting MSFT four years ago. They got a court order forcing them to change some parts of it but it´s still there. And Microsoft knew about the poison pill and still wanted to buy.

      MSFT was possibly going to try a hostile takeover on Yahoo but Yahoo moved their annual meeting from beginning of June to August. Microsoft had a deadline for getting the deal done. Missing that election year deadline meant that under new management DOJ approval was uncertain and Microsoft might need to soften and lobby the DOJ for another 8 years before trying to buy Yahoo. That is why when Yang offered to sell for $33 in July 2008 Microsoft didn´t even bother to reply.

    • Not much selling before $18...

    • The open market would be the fight field!!!
      Buy Yahoo low before others do!!!

 
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