From reuters.com:
Yahoo Inc's shares tumbled on Monday as investors punished the company for rejecting Microsoft Corp's $47.5 billion bid, though the fall was cushioned by hopes a deal may still be possible.
Shares of Yahoo fell as much as 20 percent in early Nasdaq trading before recovering some to trade at $24.47, still down 14 percent and far below the $33-per-share Microsoft offer.
Analysts expect a flurry of shareholder lawsuits against Yahoo, even as the Web pioneer pursues possible deals with other Internet media and advertising companies, such as Time Warner Inc's AOL Internet division.
But Yahoo's share fall was not as steep as the 30 percent plunge anticipated by some analysts, indicating there was still an "acquisition premium" built into the stock.
At $24.47, the stock is comfortably above its January 31 close of $19.18, before Microsoft disclosed its unsolicited offer.
Full Story: reuters.com
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Topic: Yahoo investors seek Microsoft return (Read 60 times)