Carl Icahn steps down from Yahoo board
Published: 26 Oct 2009 10:05 GMT
Carl Icahn, who launched a shareholder insurrection at Yahoo last year over its handling of a takeover offer from Microsoft, is leaving Yahoo's board of directors.
MarketWatch reported on Friday that Icahn has informed the company that he is moving on to other interests. It has been a over a year since he forced his way onto the board after expressing his displeasure at Yahoo's rejection of Microsoft's offer to acquire the company, which at one point was valued at $33 a share. Yahoo's stock closed at $17.22 on Friday.
Yahoo confirmed Icahn's departure, and said in a statement: "Carl has been an important member of our board and has helped us through some significant transitions. We are all grateful for his active role shaping the future of Yahoo."
For the full story on Carl Icahn resigns from Yahoo board of directors, see CNET News.
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