Movers: Yahoo, Microsoft, Google, Ambac, Exxon Mobil
Microsoft (MSFT) makes a proposal to acquire Yahoo (YHOO) in $44.6 billion deal. Terms: $31 per Yahoo share, with Yahoo shareholders to elect to receive cash or a fixed number of Microsoft shares, with total consideration payable to Yahoo shareholders consisting of one-half cash, one-half Microsoft stock.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.