As Linda mentioned, it doesn't look as if Microsoft plans to go down without a fight. I'm expecting Michael Buffer to appear on the scene at any moment.
I thought that was a good joke. Then I realized that there are going to be some people who won't get it. Michael Buffer is known to sports fans. His most famous words are: "Let's get ready to rumble."
It looks that if Microsoft decides on a hostile takeover, then Yahoo could have some problems. A lot of companies have it so that not all of their board of directors are up for re-election at the same time. That isn't the case with Yahoo. Their entire board is up for re-election at the next shareholder meeting.
Quote:
|
That could make it easier for Microsoft to nominate a new slate of director candidates and win control of the board in one session.
|
But Yahoo does have what is often called a "poison pill." It is a shareholders rights plan that could make it hard for Microsoft to take control of the company by going directly to the shareholders.
Microsoft would automatically be limited to 15 percent of Yahoo's outstanding shares in a tender offer.
This gets a little involved and complicated. Here is an article that does a very good job of explaining all of this
Yahoo exposed to proxy fight, 'poison pill' gives some protection - MarketWatch