How will Ican's appointment to Yahoo's board effect the stock price?

Question

I see Yahoo went down 3% when Ican got on their board. Why? Either he still wants to get $33.00/share for his stock by selling to Microsoft or Yang has to save face and get the stockholders more than that. What will happen and in what time frame?

Answer 1

Think about it, these two are mortal enemies and are now on the same board?  Expect a lot turmoil and MSFT just waiting for the shares to dip as much as possible before moving in.

Answer 2

Icahn will be aggressive in going after the "fat".  The deal with MSFT looks permanently muddled, and, if not, the max value has been lost.  Yang needs to go.

Answer 3

So far YHOO is down 3.3% on the news. The big question. What will MSFT pay for YHOO and is YHOO willing to sell at that price?