Microsoft and Yahoo: Road to Nowhere - May 3-May 6 (
Page 6 of 7 )
May 3 Yang calls the Microsoft proposal "a distraction" that Yahoo can put behind it.
May 5 The Monday after Microsoft's weekend withdrawal, Yahoo's stock price drops about 16 percent.
May 5 Two public pension funds pledge to pursue a
class-action lawsuit against Yang and the other members of the Yahoo
board of directors, seeking financial redress for what they claim is
the Yahoo directors' breach of fiduciary duties in rebuking Microsoft's
proposal.