Yahoo! Needs a Holistic Deal
The latest news last night from The Wall Street Journal was that Yahoo! (YHOO) had gone back to its various private equity bidders and encouraged them to make higher offers to buy 19.9% of the company so that they can approve the deal without putting it to a shareholder vote.
There is a conceivable scenario whereby a leveraged recapitalization of Yahoo! could unlock serious value in the company. But it will take several months, if not years, and shareholders have no guarantee that the new board (and Jerry Yang) will follow through in the proper manner needed to unlock that value....448 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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