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Yahoo launches auction process as Starboard gears up for fight
February 21, 2016 by admin · Leave a Comment
Yahoo shares jumped after the company announced its board has formed a committee of independent directors to explore strategic alternatives, and that it has hired investment banks and a law firm to run the process. The launch of the auction process, a move activist hedge fund Starboard Value and other shareholders have pushed since late last year, showed the company was moving another step closer …
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Yahoo launches auction process as Starboard gears up for fight