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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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From: bull_dozer9/8/2011 3:13:34 PM
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Dan Loeb Discloses 5.1% Stake In Yahoo, Sends Letter To BOD Demanding Complete Company Overhaul

The Yahoo drama just got more exciting with the inclusion of Mr. Pink, who just announced he owns 5.1% of YHOO shares, and has submitted a letter in which Third Point "details our principled demands for sweeping changes in both the Board of Directors (the “Board”) and Company leadership, and outlines the hidden value of Yahoo, which has been severely damaged – but not irreparably – by poor management and governance." Read on to see what has the famous activist pissed this time around. Oh, and Dan, good luck saving this sinking titanic: your buddy David Einhorn got out just in time... Or did you just end up buying your friend's shares?

zerohedge.com
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