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Stock Market & Financial Investment News

News Breaks
May 13, 2012
16:22 EDTYHOOYahoo! reaches agreement with Third Point to settle its pending proxy contest
The company announced that its board has reached an agreement with Third Point to settle its pending proxy contest related to the Company’s 2012 annual meeting of shareholders. Under the Board’s settlement agreement with Third Point, three Third Point nominees – Daniel S. Loeb, Harry J. Wilson, and Michael J. Wolf – will join the Yahoo! Board, effective May 16 . Mr. Bostock, along with Patti Hart, VJ Joshi, Arthur Kern and Gary Wilson, all of whom previously disclosed their intentions not to stand for re-election, as well as Mr. Thompson, have decided to step down from the Board immediately. As a part of the settlement agreement, Third Point, which owns an aggregate of 70,545,400 shares, or 5.8% of Yahoo! common stock, has agreed to withdraw its previous Board nominations for consideration at the annual meeting and vote its shares in support of Yahoo!’s nominees.
News For YHOO From The Last 14 Days
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December 19, 2014
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