Legg Mason Inc Archives

Icahn, Yahoo Heighten Drama in Play for Shareholder Votes

By Keith Regan
Jun 11, 2008
E-Commerce Times
844 Words

The ground battle in the proxy war between Carl Icahn and Yahoo has begun in earnest, with Yahoo directly urging shareholders to back the board's slate of directors and ignore Icahn's pleas for change. Yahoo filed a copy of the proxy solicitation notice it sent to shareholders with the Securities an...

Microsoft-Yahoo Deal Dance Grows More Elaborate

By Richard Adhikari
Feb 19, 2008
E-Commerce Times
693 Words

Confusion is swirling around Microsoft's bid for Yahoo. After having been twice rebuffed, Microsoft reportedly is planning to authorize a proxy fight this week. Meanwhile, institutional shareholders are about to lock horns over whether Microsoft should up its bid of $31 a share for Yahoo. Then there...

Key Yahoo Shareholder Presses Microsoft to Up the Ante

By Katherine Noyes
Feb 13, 2008
E-Commerce Times
688 Words

Microsoft needs to come up with a better offer if it hopes to win Yahoo's acceptance of its unsolicited takeover bid, Yahoo's second-largest shareholder said on Sunday. "It has been reported that Microsoft has been discussing a combination with Yahoo for well over a year, and that it had been prepar...

Overstock.com Expecting To Reap $65 Million in Stock Sale

By Jennifer LeClaire
Nov 18, 2004
E-Commerce Times
307 Words

Overstock.com announced today it will sell 1.2 million shares of common stock at an expected price of US$57.53 per share. That would give the online closeout retailer approximately $65.3 million in proceeds. The company said underwriters have an option to purchase up to an additional 180,000 shares ...