Why Activists Succeed – and Will Change Yahoo
Adam Hartung
MARCH 30, 2016
For example, he bought TWA shares then pushed the company to add huge additional debt and repurchase equity (including buying his position via something called “green mail”) in order to short-term push up the earnings per share. Only in 2008 Ballmer-led Microsoft made an offer to buy it for $45B! Which takes us to Yahoo.
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