"SAN FRANCISCO (MarketWatch) YHOO 22.45, +0.01, +0.0%) Chief Executive Jerry Yang on Friday said the company was launching an online advertising campaign on the Web portal's homepage to win over shareholders in the proxy battle with billionaire Carl Icahn."
This is a bad joke with no end in sight.
YHOO is at $22. They could have sold for $33 or more. A huge premium. Even at $22 the stock is expensive.
Icahn isn't the problem. The problem is that they could have taken a huge premium for their shareholders and they didn't.
What exactly are they trying to convince their shareholders of?
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