Wall St. analysts see Microsoft bid going hostile
InformationWeek | at | by Mike
An overwhelming majority of Wall Street analysts see Microsoft preparing shortly to launch a hostile bid for Yahoo at its current price of $31 per share in cash and stock, a Reuters poll found.
Most Wall Street analysts believe Microsoft now faces a drawn-out proxy campaign to win its unsolicited takeover of Yahoo, according to the poll.
By contrast, the general view in February when Microsoft announced its offer was that Yahoo would agree to a friendly merger if Microsoft only sweetened its bid. By mid-March a Reuters poll showed that Wall Street expected Microsoft to buy Yahoo without raising its price.