AP – One of Yahoo’s major investors is urging shareholders to vote its four nominees on to the company’s board, launching a potentially nasty fight to transform its direction.
Hedge fund Third Point, which has a 5.8% stake in Yahoo (YHOO), said it believes the struggling company would fare better if its representatives were in the boardroom helping overhaul Yahoo. Third Point’s letter, released in a regulatory filing Wednesday, comes a week after the hedge fund said it would launch a campaign to get its four nominees on the board if the Yahoo’s management didn’t accept them.
