Archives for March 2016

March 2016 - Page 7 of 27 - Money Morning - Only the News You Can Profit From

Yahoo Stock Price in Focus Today as This Big Push for Changes Revealed

The Yahoo stock price is one to watch in coming weeks now that a hedge fund proposed a plan to make major changes to the company's board.

Starboard Value LP, the hedge fund behind the plan, is one of Yahoo! Inc.'s (Nasdaq: YHOO) largest shareholders, with an approximately 1.7% stake. That represents an investment of about $570 million.

In a letter sent to Yahoo shareholders Thursday, Starboard announced it is nominating a slate of nine candidates for election to Yahoo's board of directors. Here's what you need to know now...