For those wondering what activist investor Carl Icahn has to say about his announcement on Monday in running a slate of nine candidates to replace Yahoo's entire board or directors, here's his letter to Yahoo shareholders:
Dear fellow Yahoo shareholders:
We are significant shareholders of Yahoo, with an investment of approximately 4.98 percent of the company's outstanding common shares. We believe that NOW IS THE TIME TO ENTER INTO A SIGNIFICANT TRANSACTION WITH MICROSOFT.
To that end, we have nominated nine directors to replace Yahoo's current board. We urge you to read the enclosed proxy … Read more