Not Just Circuit City- Icahn Plans Yahoo Proxy Fight
Carl Icahn has more on his mind this week than his possible takeover, along with Blockbuster, of Circuit City. The activist investor is getting set to launch a proxy battle over Yahoo, which could serve to revive that company’s collapsed takeover by Microsoft, several news sources reported Wednesday.
Icahn, who just under 4 percent of Yahoo!’s stock, is seeking to oust the company’s entire board, the AP reported. A deadline has been set for the end of business Thursday for submission of new directors.
Icahn last week agreed to back Blockbuster’s bid to buy Circuit City, and the CE retail giant then agreed to open its books.