Bill Wexler's Trading Cabana Message Board

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Non-Tech : Bill Wexler's Trading Cabana

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To: KaiserSosze who wrote (3325)	2/9/2008 11:57:49 AM
From: RockyBalboa	Read Replies (2) of 6370

One more thing Kaiser, on aquisitions or "bear hugs", consider the Yahoo drama: Yahoo got an offer of Microsoft for $40. Possibly yahoo execs felt honoured by the offer yet they squandered it as of course that would have ended their involvement into the company so they continued to procrastinate..., one year passes and yahoo further detoriated. The end result as we know it, $30 on the table, and a further 12.5B in potential value to the stockholders is irrevocably lost... And yet: Message 24298198 DJN: =WSJ: Source: Yahoo Bd Plans To Reject $44.6B Microsoft Bid (Dow Jones 02/09 11:54:04) By Matthew Karnitschnig Of THE WALL STREET JOURNAL Yahoo Inc.'s (YHOO) board plans to reject Microsoft Corp.'s (MSFT) unsolicited $44.6 billion offer to acquire Web giant, a person familiar with the situation says. After a series of meetings over the past week, Yahoo's board determined that the $31 per share offer "massively undervalues" Yahoo, the person said. It also doesn't account for the risks Yahoo would be taking by entering into an agreement that might be overturned by regulators. The board plans to send a letter to Microsoft on Monday, spelling out its position. ...

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