Yahoo Delays AGM
The delay, from July 3 to some time later that month, is a direct result of shareholder Carl Icahn's plans to nominate and install a new board and strike a merger deal with Microsoft. (See The Icahn 10, Icahn Sends Letter to Yahoo, and Can Icahn Shift Yahoo? .)
Naturally, the Yahoo board isn't keen on Icahn's approach. (See Yahoo Responds to Icahn.)
The later meeting date gives Yahoo CEO Jerry Yang a few more weeks to figure out how he might survive the Icahn coup. A few weeks may not be long enough, though.
— Ray Le Maistre, International News Editor, Light Reading