Eric Jackson, a dissident Yahoo! shareholder, said he will urge
Yahoo! shareholders to withhold votes from all directors at their annual
meeting due to the failed Microsoft deal.
Jackson is the leader of
Plan B, a group of about 140 outspoken shareholders who collectively own
2 million Yahoo! shares, and, as you may remember, put out a
video asking shareholders to advocate for a change of Microsoft management.
Jackson told Reuters he expects Yahoo! shares to dip down to the low-20s and even $19.
Bill Miller, a portfolio manager for Legg Mason and Yahoo!'s second-largest shareholder,
said
that he would have considered selling if Microsoft's bid was just over
$33 a share, but he did not agree with the bid of $37 a share that
Yahoo!'s board was asking for.
- Maria Woehr
