Yahoo extends deadline for board nominations
March 6th, 2008
Yahoo extends deadline for board nominations
NEW YORK (Reuters) – Yahoo Inc said on Wednesday it will extend the deadline for nominating directors to its board, seeking more time to explore alternatives to a $41 billion buyout offer from Microsoft Corp.
The deadline for nominations will be extended from March 14 to 10 days following the announcement of the date for Yahoo’s annual shareholders’ meeting, the company said. It has not announced a date for the shareholders’ meeting.
The extension will allow Yahoo’s board “to continue to explore all of its strategic alternatives for maximizing value for stockholders without the distraction of a proxy contest,” it said.
<%image(20080306-yahoo2.jpg|192|135|)%>