Strong Yahoo protest revealed as vote recounted
By Eric Auchard, Reuters,
His fund asked for a shareholder vote recount on Monday.
In a statement, Broadridge acknowledged the error, but said it was an isolated incident and that it did not change the outcome of the election of the company's directors.
RBC's Sandler said the investor saga was likely to drag on for the next several quarters until the company concludes its previously announced partnership with Google, reaches a deal with Microsoft, or sells one of its Asian properties to help the company remain independent.
Microsoft backed out of an unsolicited takeover offer in May that valued Yahoo at about $33 a share in stock after Yahoo management rebuffed the offer. Microsoft later pursued a partial break-up of Yahoo, but those talks have also cooled.
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By adeelbutt on Saturday Jun 27