Professor Elam

Okay I’ll  see you and raise $1.4 B a point.  In this case a point would be a one dollar per share increase in the MSFT bid for YHOO.  Nothing has surfaced in the two weeks since the offer was made. This article makes the point that paying lawyers, investment bankers and such millions is still cheaper than upping the ante on so many shares.  As we study the equity section of the balance sheet, this is an interesting view of how a potential takeover works.