Ron Burgundy Posted March 30, 2016 Share Posted March 30, 2016 (Reuters) - Yahoo Inc will allow investors who have held stake of at least 3 percent in the struggling Internet company for a minimum of three years to nominate directors to its board. Activist investor Starboard Value LP, which owns about 1.7 percent of Yahoo, launched a proxy fight last week to overthrow the company's nine-member board. Yahoo, under pressure from shareholders to sell its core business, began an auction of the business last month after shelving plans to spin off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd . View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.