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Financier Icahn to run board slate for Yahoo-sources

Wed May 14, 2008 5:10pm EDT

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NEW YORK, May 14 (Reuters) - Billionaire investor Carl Icahn has elected to move ahead with plans to run a dissident board slate at Yahoo Inc (YHOO.O), sources familiar with the matter told Reuters on Wednesday.

Icahn, who has amassed a large stake in the Internet company, has lined up at least 12 potential board candidates and could announce the slate as early as Wednesday night, the sources said. The deadline for nominating a dissident slate is Thursday.

Big investors in Yahoo have publicly chastised Yahoo for failing to seal a buyout deal with Microsoft Corp (MSFT.O), which abruptly ended talks earlier this month after balking at Yahoo's $37 per share asking price. (Reporting by Dane Hamilton and Kenneth Li; Editing by Gary Hill) (Reuters email: dane.hamilton@thomsonreuters.com. 646 223 6161)


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