Yahoo Rejected $40 Microsoft Bid In January
Read the full article: http://www.money-rx.com/blog/2008/06/unsealed-yahoo-sharehol...
Delaware Chancery Court Judge issues ruling to unseal court documents realted to a Yahoo shareholder lawsuit. The documents show that Yahoo rejected a $40 per share offer from Microsoft in January. And that Yahoo cooked up a costly severance plan to make a Microsoft takeover unfeasiable.
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