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Latest | Highest ratedIcahn: Smart, Dumb, or Just Plain Screwed? [View article]
Icahn's next steps all boil down to one event...Balmer realizing that he really doesn't want to (can't) give up Yahoo and unequivocally stating by end of day today, that if Icahn's proxy battle is successful and the current Yahoo board is overturned, he would be willing to reopen acquisition talks with Yahoo, and would be willing to pay the original offer of $31.00 per share...deal done!
If this doesn't happen, game over. If it does, then Icahn still has a chance to win and replace the Board and sell the company.