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Yahoo Stalls Annual Meeting Amid Takeover Fears

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May 22, 2008 3:22 pm US/Pacific

Yahoo Stalls Annual Meeting Amid Takeover Fears

 Yahoo: Latest Quote & News

SUNNYVALE (AP) ― Yahoo Inc. is postponing its shareholder meeting for a second time, now that billionaire investor Carl Icahn has nominated alternate candidates to Yahoo's existing board of directors.

Sunnyvale, Calif.-based Yahoo put off the meeting once to buy time to consider an unsolicited buyout offer from Microsoft Corp.

Yahoo disclosed on Thursday that its July 3 meeting would be delayed in a Securities and Exchange Commission filing and said it expects to set a date that is closer to the end of July.

In a second filing, Yahoo said Edward Kozel, a board member, is resigning. Kozel had planned to step down in February, but stayed
on after Microsoft made its offer in January.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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