Microsoft investors own Yahoo already
p2pnet news | Products:- An intriguing twist to the Will Microsoft eventually buy Yahoo? story is offered by CNET News.
The trouble is, some of Microsoft’s largest investors already own Yahoo, it says.
What’s more, "in a number of cases, Microsoft accounts for a larger slice between the two, which could dampen Yahoo’s efforts to generate strong investor momentum in calling for a substantially higher price," says the story, quoting the RiskMetrics Group.
"In effect, it’s like asking these large investors to bid against themselves," it says, going on:
For example, Yahoo’s largest investor, Capital Group’s Capital Research Global Investors and Capital World Investors, managed 523.6 million shares of Microsoft, compared with 154.8 million shares of Yahoo, as of December 31.
And T. Rowe Price, which ranks among Yahoo’s top-10 investors, owned 136.5 million shares of Microsoft compared with 22.8 million shares of Yahoo, during the same time period.
According to RiskMetrics, 90 percent of all Yahoo institutional investors also own shares in Microsoft. And of this group, 15 of the top 20 Yahoo institutional investors own more Microsoft than Yahoo.
Not only but also, investors who own both Yahoo and Microsoft, "will probably support Yahoo asking for a sweetener (to the deal), but will probably tell Yahoo don’t rake Microsoft over the coals," CNET has RiskMetrics’ Chris Young saying.
Adds the story:
"As Yahoo and Microsoft evaluate the shareholder base of the Internet company, they will be taking note of who owns stock in both, how those shares are weighted, and how each of those respective investment firms tend to handle voting matters, such as on a fund-by-fund basis or by taking a firmwide approach, proxy solicitors say.
"And once that analysis is completed, the tough task begins in assessing whether to raise a bid, launch a tender offer, or kick off a proxy fight for directors’ seats, proxy solicitors said.
"If they do a proxy fight or tender offer, it could be an eight-month battle, with Yahoo losing a number of employees, as well as a distraction for both companies, proxy solicitors say.
"Said one proxy solicitor: ‘There is a time value of money’."
Also See:
CNET News – Microsoft shareholders already own Yahoo, February 18, 2007
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February 25th, 2008 at 4:16 am
First people should should check the LEGITIMACY of MICROSOFT! Well it would seem has ALLEN & GATES would DISMISS { TRADING STATUTE’S such has PATENT’S} which belong too me!
Yes i state in reference too SONIC & ELECTRICAL TRANSFORMATION, COLOUR DISPENSATION upon SCREEN’S-FILM-MODULE’S etc which MICROSOFT clearly BREACH & PROFIT from such BREACH’S! Yes do not forget COPYWRITS hold NO VALIDITY with PATENT release!
This example also APPLIES for I internet S service P providers & TOOLBAR & SEARCH ENGINE’S which too profit through BREAKING TRADING STATUTE’S!
But what can be EXPECTED when STATE–WHITEHOUSE DESIRES my PATENTS for itself!
And will you STUPID IDIOTIC FOOL TURKEY’S get this into your mind’s, NASA cannot IMPLEMENT PATENT’S has it is a STATE INSTITUTION! So therefore it can only SUBMIT too STATE SECRET LEGISLATION! And most of what NASA would have you believe they PATENTED would already be PATENTED in some PART!
Now are there TRADING REGULATION’S? If so why is it that INTERNET BREAK’S all these RULE’S, such has MUSIC DOWNLOADS-MOVIE DOWNLOADS where FINANCIAL PAYMENT’S are made because they are ILLEGAL has I CONRAD have not given RELEASE from my PATENT’S too any ANOMALY–PARTY- or ENTITY! Yours CONRAD 25/02/2008AD @ 1017hours my time in BRITAIN!