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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times reporter Sharon Chan.

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May 6, 2008 10:45 AM

With proxy fight threat level lowered, Yahoo schedules shareholder meeting

Posted by Benjamin J. Romano

Yahoo announced the date of its shareholder meeting yesterday. It will be held on Thursday, July 3. Before Microsoft CEO Steve Ballmer withdrew his bid to buy the company and took his finger off the hostile-takeover trigger, the announcement of Yahoo's meeting date was a much anticipated moment in the acquisition story.

Yahoo changed its corporate bylaws, setting the deadline to nominate candidates for its board of directors 10 days after the announcement of the annual shareholder meeting.

Of course, the shareholder meeting could still be interesting if Yahoo investors revolt and try to turn out the board that rejected Microsoft's offer.

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