Friday, October 20, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung, LG Electronics are Lagging in Autonomous Car Race
TSMC Raises Forecasts for 2017 Due to 10nm Demand, Outlines 7 and 5nm Roadmap
Samsung Said to Have Placed Huge EUV Equipment Order From ASML
Samsung Launches the Ruggedized Galaxy Tab Active2 for Business
Intel Capital Announces $60 million of New Investments in Data-Focused Startups
Google Offers Bug Bounty for Mobile Apps
Nintendo Switch Update Brings Video Capture and More
Intel Health Application Platform Helps Health Care Providers Reduce Hospital Readmissions
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Yahoo t...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, July 22, 2013
Yahoo to Buy 40 million Shares From Third Point


Yahoo! today announced that it has entered into an agreement to repurchase 40 million shares of Yahoo! common stock beneficially owned by Third Point LLC, at a purchase price of $29.11 per share. The purchase price equals the closing price of Yahoo! common stock on July 19, 2013.

Third Point, headed by Daniel Loeb, last year settled a proxy battle with Yahoo. Third Point will still own about 20 million shares, less than 2 percent of the Internet media company's common stock.

Following the repurchase, Third Point will beneficially own approximately 20 million shares, representing less than 2 percent of Yahoo!'s outstanding common stock. Each of the directors originally nominated by Third Point -- Daniel S. Loeb, Harry J. Wilson, and Michael J. Wolf -- have submitted their resignations from Yahoo!'s board of directors, effective July 31, 2013, Yahoo said.

After the deal, about $700 million will remain under a $5 billion overall buyback authorization that Yahoo announced last year.


Previous
Next
Sandisk Announces New Wireless Flash Storage Products        All News        Google Invests In Taiwanese Chipmaker, Buys Speech Recognition Patents
Ebay Same-day Delivery Expanded     General Computing News      Google Invests In Taiwanese Chipmaker, Buys Speech Recognition Patents

Get RSS feed Easy Print E-Mail this Message

Related News
Yahoo Says All 3 Billion Accounts Were Hacked in 2013 Security Breach
Verizon Completes Yahoo acquisition, Meet Oath and Altaba
Yahoo Stockholders Approve Sale of Yahoo's Operating Business to Verizon
Yahoo's First-quarter Revenue Jumps
Verizon Is Moving Yahoo and AOL Under the New Name "Oath"
U.S. Charges Russian Spies Over Yahoo Hacks
32 Million Yahoo Accounts Were Compromised Using Malicious Cookies
Verizon and Yahoo Agree to Lowered $4.48 billion Deal
Yahoo Unveils New Malicious Activity To User's Accounts
Yahoo Sees Verizon Deal Closing in Second Quarter
Yahoo To be Named Altaba, Mayer to Depart Following Verizon Deal
Yahoo Unveils New Security Breach

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .