Microsoft now must decide whether to increase its offer, launch a proxy fight or simply withdraw.
In his letter, Ballmer said a proxy fight would likely lead to Microsoft lowering its offer price.
But the timing smelled fishy: It came a couple of weeks after Todd launched his proxy fight.
The business-software company adopted a shareholder-rights plan to fend off a proxy fight by hedge fund Elliot Associates LP.
Greenberg has told several associates that, under the right circumstances, he could win a proxy fight for control of AIG.
After news surfaced on Tuesday that the billionaire activist investor would be waging a proxy fight over Yahoo!
Hawkins and Cates are experienced activists, though a proxy fight over this landmark deal surely places them in a bright spotlight.
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Qwest could still choose to push ahead and force a proxy fight.
The proxy fight was yesterday, and the shareholders say they won by a wide margin, giving them a majority on ICN's board.
But if Greenberg emerges unscathed from the legal travails, it could strengthen his hand in a possible proxy fight against his old company.
But Microsoft has yet to offer a penny more--and it has indicated that it would launch a proxy fight to gain control of Yahoo!
When directors did not resign, he began a proxy fight to oust them, hooking up with Bruce Meyers, who controls 8% of the shares.
After news surfaced on Tuesday and Wednesday that the billionaire activist investor would be waging a proxy fight over Yahoo!
But given how this saga has gone so far, its likely that he'll hold out to see how he might do in a proxy fight.
Greenberg has told friends he is contemplating a proxy fight to fire the board that betrayed him and retake control of the empire he erected.
He built his company from nothing, but he also angered his shareholders, causing them to continue a proxy fight even after Panic had pledged leave.
That gives Icahn an opening to launch a quick-and-dirty proxy fight.
Hess made a modest concession to the activist investors staging a proxy fight Friday, but hedge fund Elliott Management says the move is an empty gesture.
Yahoo settled its proxy fight with Third Point LLC, the activist investment firm controlled by Daniel S. Loeb, who had been seeking four board seats.
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Penney, like Target, which successfully fought off a proxy fight from Pershing in 2009, has enlisted Goldman Sachs to advise it on a defense against Ackman.
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Crest believes it can prevail in the proxy fight in which more than half of the shares not owned by Sprint must vote in favor of the deal.
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The morning that Todd heard the news of Correnti's ouster, he called him up and offered him the top job at Birmingham, if they could win a proxy fight.
He waged a proxy fight for board seats in 2007, ousted a CEO, and tried to hurry Block out of the looming disaster in mortgage lending, which it had wandered into.
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"The odds are 50-50 that they'll do it without a proxy fight or a tender offer at this point, " Owers says, with the odds of a less-than-friendly combination increasing every day.
We retain and intend to avail ourselves of all options at our disposal to oppose the proposed transaction, including but not limited to a proxy fight, litigation claims and any available Delaware statutory appraisal rights.
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So why on earth did Son make such a lowball offer as to infuriate Jamal Daniel into suing in Delaware Chancery Court, filing against the merger with the FCC, initiating a proxy fight and so on?
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This would avoid a proxy fight.
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Since then, Yang has helped nix a takeover over from Microsoft, overseen the launch of a pair of efforts that have yet to counter Google's edge in search advertising and caved to Carl Icahn's threat of a proxy fight by giving up three seats on Yahoo's board to the corporate raider.
If, that is, the fight over the mandate isn't really a proxy for a fight over the Affordable Care Act.
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