Problem
a. Did Yahoo's management and board act in the best interest of shareholders when rejecting Microsoft's takeover offer?
b. Discuss the actions taken by Yahoo's management and board to block the takeover of Microsoft. Should such actions be prohibited?
c. In your opinion, do you believe that the offer by Microsoft is good for (a) the shareholders of Yahoo, and (b) shareholders of Microsoft?
d. What are some of the key differences in rules governing takeovers between the US and Singapore?
e. Place yourself in Carl Icahn's shoes. What are some of the difficulties a minority shareholder faces when dealing with a board like Yahoo's?
Case Study: Microhoo! the attempted takeover of yahoo! by Microsoft.