The Board of Directors of Yahoo! Inc., sent a reply to Steve Ballmer, CEO Microsoft.
The letter states, "At the same time, we have continued to make clear that we are not opposed to a transaction with Microsoft if it is in the best interests of our stockholders. Our position is simply that any transaction must be at a value that fully reflects the value of Yahoo!, including any strategic benefits to Microsoft, and on terms that provide certainty to our stockholders."
The letter states, "At the same time, we have continued to make clear that we are not opposed to a transaction with Microsoft if it is in the best interests of our stockholders. Our position is simply that any transaction must be at a value that fully reflects the value of Yahoo!, including any strategic benefits to Microsoft, and on terms that provide certainty to our stockholders."
Further, it says, "We consider your threat to commence an unsolicited offer and proxy contest to displace our independent Board members to be counterproductive and inconsistent with your stated objective of a friendly transaction."
In short, either Microsoft pays more for a peaceful takeover, or prepares itself for a corporate war.
In short, either Microsoft pays more for a peaceful takeover, or prepares itself for a corporate war.
Read the whole letter at source.
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