Billionaire investor Carl Icahn has elected to move ahead with plans to run a dissident board slate at Yahoo Inc. Icahn, who has amassed a large stake in the Internet company, has lined up at least 12 potential board candidates and could announce the slate as early as Wednesday night, the sources said. The deadline for nominating a dissident slate is Thursday. Big investors in Yahoo have publicly chastised Yahoo for failing to seal a buyout deal with Microsoft Corp (NasdaqGS:MSFT - News), which abruptly ended talks earlier this month after balking at Yahoo's $37 per share asking price. Carl Icahn has confirmed a 59 million share stake in Yahoo (NSDQ: YHOO), and he plans to push for the marriage of it and Microsoft (NSDQ: MSFT), according to a letter sent to the Yahoo board. In arguing the need to replace all 10 directors, Icahn stated: “the board of directors of Yahoo has acted irrationally and lost the faith of shareholders.” He has also, reportedly, asked the FTC for clearance to buy up to $2.5 billion worth of Yahoo shares.http://biz.yahoo.com/rb/080514/icahn_yahoo.html?.v=2
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