SAN JOSE, Calif. - Yahoo shareholders are getting their chance to challenge the company's management over its handling of a $47.5 billion takeover offer from Microsoft Corp.
Yahoo Chairman Roy Bostock began by greeting investors at the Internet company's long-awaited annual meeting Friday. The atmosphere is expected to become tense as Bostock and Yahoo CEO Jerry Yang begin fielding questions from shareholders.
Yahoo shares slipped 20 cents in Friday trading to $19.69, well below the $33 per share that Microsoft offered in early May before withdrawing.
In protest, a significant number of shareholders are expected to oppose the re-election of Yahoo's current directors.
