Yahoo postponed it’s annual meeting which was schudeled for July 3, to an undetermined date in late July, according to a filing with the Securities and Exchange Commission.
This is the second time Yahoo has postponed its annual meeting, usually held in May or June. The previous delay, announced in March, gave Yahoo more time to explore alternatives to Microsoft’s unsolicited takeover bid, which was withdrawn this month in a pricing disagreement.
Arthur Kozel, resgined today as a director of Yahoo. Kozel, had been on Yahoo’s board for eight years, leaving its board with nine members.
Interesting News – Let’s see what will be the outcome of MS vs Yh