I think the execs at Yahoo are living in a dream world rebuffing another offer to sell.
``The board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft,'' said Icahn, 72. ``I sincerely hope you heed the wishes of your shareholders and move expeditiously to negotiate a merger with Microsoft, thereby making a proxy fight unnecessary.''
It looks like they might go to either a proxy fight or maybe Microsoft will come back with a raised offer. I do think that the "vote no" campaign will go a long way to either ousting their board or booting Yang though.
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