Billionaire investor Carl Icahn is considering running a proxy campaign to elect new board members at Yahoo! Inc after the company failed to forge a deal to merge with Microsoft Corp, sources close to the matter said on Tuesday.
The veteran investor has built up a stake in Yahoo in the last week and would run a slate in an effort to force the company back to the negotiating table with Microsoft, the sources said.
It is unlikely that Icahn, a veteran of numerous proxy battles, will join with other hedge funds in the campaign, the sources said.
A decision to run a proxy slate this year must be made this week.
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Wednesday, June 18, 2008
Billionaire may run Yahoo proxy campaign
Posted by Jomar Hilario at 6:14 PM
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