Icahn Joins Yahoo Board, Turning Up Heat For Deal
Yahoo’s board confirmed billionaire investor Carl Icahn as a director, while board member Robert Kotick tendered his resignation as part of a previously announced deal, the company said on Wednesday. In a filing with U.S. securities regulators, the Internet company said Kotick had resigned following the company’s August 1 annual shareholder meeting and confirmed that Icahn had been named under a settlement deal that averted a proxy battle with a rival slate of board candidates led by Icahn.
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