The billionaire investor Carl Icahn has launched a battle to topple the Yahoo board and replace its 10 members with his own slate of directors.
Mr Icahn said in a letter to Yahoo that it was clear the board had acted "irrationally" in its dealings with Microsoft, which tried to buy it.
Shareholders will now get the choice between the two boards at the annual meeting on 3 July.
Mr Icahn wants to buy an additional $2.5bn worth of Yahoo shares.
Read more
here