Icahn amasses 4% of Yahoo -- proxy fight may loom

05/14/2008 | San Francisco Chronicle

Carl Icahn may be smelling blood at Yahoo Inc. The activist investor has accumulated a 4% stake of the Internet portal company and may be gearing up for a proxy fight to replace Yahoo's board. The deadline for Yahoo board nominations is Thursday, with a vote scheduled for the company's annual shareholder meeting in July. Investors criticized Yahoo for failing to reach a $47.5 billion buyout deal with Microsoft Corp.

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