Thursday, November 26, 2009, 9:12PM ET - U.S. Markets Closed for Thanksgiving Day.

On the odd chance some of you are wondering the same things, I've attempted to answer them here:
The first question has a fairly straightforward answer, although Federal regulation is involved so it's not "simple."
The big issue is that Icahn is an "activist investor" as defined by the Securities Exchange Act of 1934. Activist investors must submit a 13D filing if they are going to acquire more than 5% of a company's stock. More detail can be found here.
As per his letter to Yahoo's board, Icahn is seeking "antitrust clearance from the Federal Trade Commission to acquire up to approximately $2.5 billion worth of Yahoo stock"; at current prices, $2.5 billion would buy more than 5% of Yahoo's stock.
The second question is a bit more complicated to answer. According to The Wall Street Journal, Icahn currently owns "only" 9.9 million shares, not the 59 million widely reported. "How can Mr. Icahn hold the rest without actually owning them? It's because of an old strategy Mr. Icahn and other corporate raiders used in the 1980s, of matching put-and-call options," the Journal explains.
The Journal goes into the mechanics of the options trade, but Paul Kedrosky sums it up this way: "People like Icahn are notorious for playing call option tricks and parking stock with buddies to build large de facto positions without disclosing until last minute," i.e. until he's ready to declare his intentions.
For the record, Icahn has not responded to multiple requests for comment and/or an appearance on Tech Ticker.So he's a perfect addition to Yahoo!! Yang & Team.....Afterall sh!!! associates with sh!!! & Yahoo! is full of it LOL. The ship is sinking & I'm loving watching it go down :). Burn baby burn.....
If Icahn gets control, he'd be happy to sell to MSFT at 28 or 29 even. He still makes 200 million dollars since he bought his shares between 22-25.
Jerry can handle Carl.......look how torn up Ballmer is he had to run off by himself after Jerry bounced him around with a room full of mirrors.
Microsoft wins again; they'll end up buying Yahoo! for less than their original bid. Not that it really matters... I don't see how the distant #2 and #3 search players can combine to do much of anything to dent Google.
Hey! This looks familiar......Like Gordon Gekko buying Anacott Steel!!
Isn't this price/stock manipulation???
I don't like to see YHOO with MSFT. MSFT should be spinning off companies and let them compete. They just want to be the daddy with many wives and YHOO refuses to be a part of the multi-wives scheme:) What is the deal with Carl:)? Carl, We know you are rich and have many many rich friends, we know money rule the world, just don't be so obvious about it. Wiping other in public to show off how much money you have and how many rich connection you have is not good for the soul:)
That is awesome if you can get Mr. Carl to come on Tech Ticker!
Jerry Yang is getting the crap that Terry Semel deserved. Give the guy a break, he created this company bottom up. Yahoo is still a very strong brand and is the ONLY company that has the intrinsic ability to compete Google. Google is worth nearly 200Billion. Go figure!
Jerry Yang is getting the crap that Terry Semel deserved. Give the guy a break, he created this company bottom up. Yahoo is still a very strong brand and is the ONLY company that has the intrinsic ability to compete Google. Google is worth nearly 200Billion. Go figure!
I don't like to see yahoo in microsolf VIVA YAHOO.
I expect seeing Yahoo closing above $33/ share by August.. Many sharks smelling blood..... A real feeder frenzy.....
It's not the man with the biggest gun that wins it's the the one that shoots the best.
comments and reviews to stories like this and others is the new wave of communicating. post an interesting article and have the public comment on it. genius. If Icahn gets control, he'd be happy to sell to MSFT at 28 or 29 even. He still makes 200 million dollars since he bought his shares between 22-25. i couldn't have written it better. bravo to who wrote that. bravo. john h john h
I wonder if two big companies falling behind can combine and suceed? Or are we witnessing the beginnings of the end of a few really rich people stealing good ideas from thier employees? WHen will we all get tired of other people getting rich from us? And decide we are brave enough to stand up for ourselves? Bah I'd rather sit around and complain about gas prices! MISERY loves company
Yahoo is a wonderful strong company who can stand on its own 2 feet and make it on it's own, they don't need the likes of Microsoft or Ican. the act made by icann was uncalled for as the board made the right decision, he can take his 9mil shares somewhere else. i am totally behind this company its product and a proud to be an investor.
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madmilker - Friday May 16, 2008 04:26PM EDT
Michael Milken made junk bonds....junk bonds made Carl Icahn most everything the man touches from 2006 until now turns to sh!! in a hand basket!