HALISTER: MORE: Starboard CEO Jeffrey Smith to Join Yahoo’s Board

MORE: Starboard CEO Jeffrey Smith to Join Yahoo’s Board

(Bloomberg) -- Yahoo’s board will have 11 members following agreement with Starboard.
  • Four new independent directors joining effective immediately:
    • Tor R. Braham, Eddy W. Hartenstein, Richard S. Hill and Jeffrey C. Smith, Starboard’s CEO and Chief Investment Officer
  • Starboard has withdrawn its director nominees for Yahoo’s board as part of the agreement
  • YHOO shares up 1.8% pre-mkt on 142k shares
  • NOTE: Earlier, Yahoo, Starboard in Pact; to Add 4 Independent Directors
Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
YHOO US (Yahoo! Inc)

People
Jeffrey Smith (Starboard Value LP)

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