Friday, August 1, 2008

Icahn seeked common ground on cooperation

This IT news is provided from the SK Net Service Company Ltd

August 1, according to foreign media reports, billionaire, the radical investors Kaeryikan (Carl Icahn) Thursday said he will not attend will be held Friday in the Yahoo shareholders annual meeting.
According to foreign media reports, Icahn said in a statement that he did not intend to attend the August 1 at the Yahoo's annual shareholder meeting. He said that the agent for the right to the end, he did not want the shareholders of the General Assembly to become a media event.
Icahn has recently called Yahoo CEO Jerry Yang and Luo Yibo, chairman of Stockton (Roy Bostock) meeting. Icahn said that although there are differences between the two sides, he is still optimistic and hopes to work with them together.
Icahn said: "I sincerely hope that we can work together, and the two companies to enhance value. Although in some matters between us there are still differences, but I very much hope that we can establish friendship."
July 21, Yahoo and Icahn had agents on the battle for the right to reach a settlement. Icahn promised to August 1 of Yahoo shareholders no longer on the General Assembly launched the battle for the right agent, Yahoo also said that Icahn will set aside three board seats. General meeting of shareholders, Icahn will formally joined Yahoo board of directors.
Yahoo shares rose in early trading on the Nasdaq two percentage points to 20.05 U.S. dollars.

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