Filed under: Deals

Yahoo! Inc. (NASDAQ: YHOO) dug in its heels a little more Tuesday against Microsoft Corp.’s (NASDAQ: MSFT) unsolicited takeover offer, announcing that it has pushed out the deadline for nominating candidates for its board.

Now, instead of the previous March 14 deadline, nominations can be made up to 10 days after Yahoo! announces the date of its 2008 annual meeting. In essence, the announcement gives Yahoo! more time to come up with options to Microsoft’s current $42 billion offer for the company.

“It will allow Yahoo!’s board to continue to explore all of its strategic alternatives for maximizing value for stockholders without the distraction of a proxy contest,” Yahoo! said in a press release.

Continue reading at TechConfidential.com.

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This entry was posted on Saturday, March 15th, 2008 at 12:09 pm and is filed under Engagements and Deals News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.