Short Sellers Alert: Investigation of Yahoo! Inc.
An investigation for investors who hold NASDAQ:YHOO shares long-term, was initiated concerning potential breaches of fiduciary duties by certain officers and directors at Yahoo! Inc.
The investigation by a law firm concerns whether certain Yahoo officers and directors breached their fiduciary duties and caused damage to the company and YHOO stockholders.
On January 27, 2015, Shares of Yahoo! Inc. (NASDAQ:YHOO) announced management has recommended and the Board of Directors has authorized a plan for a tax-free spin-off of the company’s remaining holdings in Alibaba Group into a newly formed independent registered investment company (“SpinCo”). The stock of the new company will be distributed pro rata to Yahoo shareholders, resulting in SpinCo becoming a separate publicly traded company. Shares of Yahoo! Inc. (NASDAQ:YHOO) delinked to as low as $41.80 per share on January 29, 2015.
On March 30, 2015, NASDAQ:YHOO shares closed at $44.95 per share.
Both Yahoo! Inc. (NASDAQ:YHOO) and Microsoft Corporation (NASDAQ:MSFT) has unanimously decided to push back the deadline by 30 more days.
Does this push back show that they would like to continue this partnership or does it signal that the deal is about to be broken?
For additional information : email@example.com
IMPORTANT : The alerts, research and reports on this website reflect the opinions of Webcide.com only , and we have based our opinions on articles, posts , researches , facts and evidence collected online, deeply analyzed by our financial sentiment engines .
This is not an offer to sell or a solicitation of an offer to buy any security. We strongly recommend that you do your own due diligence before buying or selling any security, and each investor must make any investment decision based on his/her judgment of the market and based upon all available information.
At any time, you should presume that the principals of Webcide.com and/or our clients and/or investors hold trading positions in the securities profiled on the site and therefore stands to realize significant gains in the event that the price of the stocks covered herein rises or declines in conjunction with our investment opinion.