Posted Feb 9th 2008 12:32PM by Douglas McIntyre
Filed under: Deals, Microsoft (MSFT), Yahoo! (YHOO), Merrill Lynch (MER)
The board at Yahoo! (NASDAQ: YHOO) will turn down a bid from Microsoft (NASDAQ: MSFT), which is valued at $31 a share. According to The Wall Street Journal (subscription required), Yahoo!'s board determined that the $31 per share offer "massively undervalues."
Rumors are that Yahoo! will seek an amount of at least $40 a share.
Douglas A. McIntyre is an editor at 247wallst.com.
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Reader Comments (Page 1 of 1)
2-09-2008 @ 2:40PM
okcoalescer3 said...
Were I a shareholder would not be happy with turning down that bid
2-09-2008 @ 2:43PM
don said...
Crazy to turn down that bid relative to current market price