|
|
|
 |
|
|||||
|
|
![[Icon: Light Rain]](http://icons.wunderground.com/graphics/conds/2005/rain.gif){kind=icon}
![[Icon: Chance of Rain]](http://media.thenewstribune.com/static/includes/weather/chancerain.gif)
![[Icon: Mostly Cloudy]](http://icons.wunderground.com/graphics/conds/2005/mostlycloudy.gif){kind=icon}
Yahoo stock plummets to its lowest level since October 2003
THE NEWS TRIBUNE
Published: September 5th, 2008 01:00 AM
Yahoo Inc.’s stock sank to its lowest level in nearly five years Thursday, magnifying the challenge facing the Internet company as its management tries to justify a rebuff of Microsoft Corp.’s $47.5 billion takeover bid.
Shares plummetted $1.01, or 5.4 percent, to close at $17.75 – a price unseen since October 2003. That left Yahoo’s market value nearly $13 billion below what shareholders would have received if the company had accepted Microsoft’s takeover offer of $33 per share in May.
|
 |
|||||||||||||||||
| |||||||||||||||||||||||||
