FP Trading Desk submits: Investor activist Carl Icahn's recent nomination of an alternative Board of Directors at Yahoo! Inc. (YHOO) may revive talks of a transaction with Microsoft Corp. (MSFT), according to Goldman Sachs analyst James Mitchell.
In his note titled "Yahoo! transaction back in the crosshairs as Icahn enters the fray," analyst James Mitchell said it may be the perfect time to rekindle Microsoft's interest in Yahoo! given Mr. Icahn's substantial track record in pushing through acquisitions, including Oracle's (ORCL) recent purchase of BEA Systems (BEAS). The fact that Yahoo!'s current board has had to issue a letter defending its handling of the take-over talks to frustrated shareholders also comes into play.
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