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Report: Icahn Zeroes in on Yahoo!
Updated from 4:40 p.m. EDT
SAN FRANCISCO -- Shares of Yahoo!(YHOO Quote) climbed Tuesday on news that billionaire activist investor Carl Icahn may be considering a proxy fight.
The stock rose 5.2% to $26.56 after CNBC reported that Icahn is planning to launch a proxy fight in time for Yahoo!'s annual shareholder meeting scheduled for July 3.
Shareholders have until Thursday to nominate a board of directors. Yahoo! had been stalling on setting a date for its meeting after Microsoft(MSFT Quote) threatened to replace the Internet giant's board with its own slate of candidates. ...
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