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: The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C.

Yahoo May Be Sued

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From Reuters: "Yahoo may face lawsuit flood after talks collapse," by Michael Erman--

Yahoo Inc likely faces a flood of shareholder lawsuits for rejecting a $47.5 billion takeover bid from Microsoft Corp, even if investors find holding the company responsible to be an uphill battle.

Microsoft pulled its sweetened $33-per-share offer on Saturday because the Internet company was holding out for $37 per share, even though Microsoft's price was more than 70 percent above where Yahoo shares were trading before the takeover battle started more than three months ago.

--Posted by Madison County Illinois personal injury lawyers and attorneys and the Edwardsville Illinois accident attorneys of Schaeffer & Lamere, P.C., handling car accident, truck accidents, personal injury, pharmaceutical cases, products liability injuries, workers' compensation, medical malpractice, truck accidents, and all other types of injury cases.

Full post as published by The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C. on May 05, 2008 (boomark / email).

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