Question
Yahoo received an offer from Microsoft in 2008 to buy the company shares at 31 per share. This price was 62% higher than the prevailing
Yahoo received an offer from Microsoft in 2008 to buy the company shares at 31 per share. This price was 62% higher than the prevailing price. Yet Yahoo management rejected the offer. Yahoos share traded well below the offer price for the next five years. How can the management get away with rejecting an offer that is clearly in the best interests of the shareholders?
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
