More Delays: Yahoo Postpones Annual Meeting
Once again, Yahoo found a way to put off its pursuers, this time pushing back their scheduled annual meeting by several weeks.
Really, we haven’t seen this kind of evasion since Harrison Ford led Tommy Lee Jones around Chicago in ‘The Fugitive’. The potential resolution to Yahoo’s future regarding Microsoft’s one-time takeover interest probably won’t be known until the end of July.
A Bloomberg report said Yahoo switched its annual meeting date from July 3rd to the end of the month to give it more time to deal with the move by Carl Icahn to replace Yahoo’s board. Yahoo filed an 8-K form with the SEC about this change; they have placed the onus on Icahn’s proxy move for causing this change:
The Company filed its preliminary proxy materials on May 22, 2008 and is postponing the Company