Ron Burgundy Posted April 27, 2016 Share Posted April 27, 2016 The agreement shows Yahoo's board and management team were under pressure from major shareholders to settle the battle, and that Starboard was willing to set aside its plan for board control in favor of immediate director seats inside the struggling Internet company. A truce with its most vocal activist investor helps Yahoo clear the way for the auction of its core businesses, which is underway. Yahoo said Starboard Chief Executive Jeffrey Smith and three independent directors associated with him will join the board immediately. View the full article Quote Link to comment Share on other sites More sharing options...
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