PROXY BATTLE DEFUSED Yahoo, Icahn settle; Microsoft adrift (Malaya)

Sunday, July 27th, 2008

NEW YORK – Yahoo Inc., will appoint activist investor Carl Icahn and two of his nominees to its board, defusing a proxy battle showdown and making an immediate deal with Microsoft Corp less likely.

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Yahoo nominates Icahn to board, settles proxy fight (Reuters via Yahoo! News)

Monday, July 21st, 2008

Yahoo Inc will appoint activist investor Carl Icahn and two members of his slate of directors to the company’s board, settling a proxy battle ahead of its August 1 annual shareholders meeting.

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