"The Post's Peter Lauria reports several juicy Microsoft (MSFT) -Yahoo (YHOO) tidbits in the wake of Yahoo's delaying the board-nominee deadline yesterday:
-Ballmer furious about this latest rebuff
-Microsoft has a full slate of Yahoo board nominees ready and may file it next week despite the deadline change
-Microsoft is trying to persuade major Yahoo shareholder Softbank (3% owner) to support the deal
-Microsoft is considering going to a 100% cash offer to get Yahoo shareholders even more excited/impatient. This would presumably jack the offer value value back to $31, up from the current $28.87.
Peter also says Team Yahoo is spinning the proxy delay as a way to allow Yahoo to make sure it has fully explored all alternatives before it negotiates with Microsoft. This may be so, but it's easy to see why Steve Ballmer might be annoyed by this."
http://www.alleyinsider.com/2008/3/microsoft_may_go_all_cash__raising_yahoo_bid_to__31
100% CASH - smh smh
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