This morning Yahoo issued a response to Steve Ballmer’s letter issuing a three week ultimatum for the acquisition deal.
What do they want? More money.
From their response:
“We will not allow you or anyone else to acquire the company for anything less than its full value…we consider your threat to commence an unsolicited offer and proxy contest to displace our independent Board members to be counterproductive and inconsistent with your stated objective of a friendly transaction.”
Check out their full response here if you’re interested.
They maintain that $31 per share is not a fair assessment of the companies value, though Wall Street doesn’t seem to agree with the stocks value currently at $27.90 per share.
Will Microsoft increase their offer? I’d be surprised if they do but anything is possible….stay tuned…
[Via Engadget]
Filed under: tech | Tagged: acquisition, ballmer, microsoft, response, tech, yahoo
