Starboard: Gimme Your Board $YHOO
Starboard Value LP is finally doing it - gearing up to take over the Yahoo (YHOO) board. Likely too little too late, but good for them.
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Nonetheless, it appears that Okapi Partners, the proxy firm, is calling up Yahoo shareholders to gather support for Starboard. The activist investor owns less than 1% of Yahoo, but shareholders are likely frustrated enough with Marissa Mayer to get a win. That is if it even goes that far. Why wouldn't Yahoo just cave and avoid this expensive process. Their days are numbered as it is - this is a very un-needed distraction. Least we forget what happened at Darden (DRI).