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Member Since: 4/2006Last Seen: 11/28/2009

Carl Icahn purchases 50 million Yahoo shares, contemplates launching proxy contest

News Type: Event — Seeded on Wed May 14, 2008 11:30 AM EDT
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Yahoo might merge with Microsoft whether the CEOs of either company like it or not. Since the merger fell apart last week, corporate raider Carl Icahn has purchased as many as 50 million shares in the company and now he's "leaning toward launching a proxy contest in an effort to push Yahoo back to the negotiating table," a person familiar with the matter told the Wall Street Journal.

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