Leading the revolt: Starboard Value LP, which owns about 0.75% of Yahoo, plans to announce March 24 that it will nominate nine directors to Yahoo's board. — Reuters
Activist hedge fund Starboard Value LP, which is leading an investor revolt against Yahoo Inc's management team, is seeking to remove the entire board of the struggling Internet company, the Wall Street Journal reported.
The activist investor, which owns about 0.75% of Yahoo, plans to announce on the morning of March 24 that it will nominate nine directors to Yahoo's board, the Journal said, citing a Starboard letter.
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