HALISTER: Starboard Said to Seek Removal of Entire Yahoo Board: WSJ

Starboard Said to Seek Removal of Entire Yahoo Board: WSJ

(Bloomberg) -- Starboard to announce Thursday morning that it will nominate 9 directors to Yahoo’s board, WSJ reports, citing a Starboard letter it reviewed.
  • Yahoo’s board, management have continually failed to live up to their own promises, shouldn’t be trusted with decision on whether Yahoo should remain an independent company: letter
  • Yahoo couldn’t immediately be reached for comment: WSJ
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
YHOO US (Yahoo! Inc)
0290875D US (Starboard Value LP)

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