11:24 EDT YHOO theflyonthewall.com: Yahoo! told private equity takeover bids would not be supported, Fortune reports Yahoo! (YHOO) board members, including co-founder Jerry Yang, have told four private equity firms that the board would not support a takeover offer for the entire company, Fortune reports. The opposition may eliminate any chance of Yahoo! being acquired as hostile takeovers are not favored by private equity, Fortune adds. Reference Link :theflyonthewall.com
firstly you did not cite this latest flyonwall stmt when you made your illogical original post. secondly, my marxist friend, the board approval is not a sine quo non....... thirdly,,,,contrary to your stmt ,,the market seems to be digesting the unforeseen news, rather well today...... i think you end up the loser on this bet. im gonna make money here based on my entry price.