Home / Tech & Systems / Yahoo! (NASDAQ:YHOO) Signs Contract With Starboard Value LP- As Groupon (NASDAQ:GRPN) on Active Notes

Yahoo! (NASDAQ:YHOO) Signs Contract With Starboard Value LP- As Groupon (NASDAQ:GRPN) on Active Notes

Yahoo! Inc. (NASDAQ:YHOO) [Trend Analysis] reported that it has signed contract with Starboard Value LP and its affiliates under which four new independent directors, Tor R. Braham, Eddy W. Hartenstein, Richard S. Hill, and Jeffrey C. Smith, Starboard’s CEO and Chief Investment Officer, will join the board, effective immediately. Jeff Smith will also join the Strategic Review Committee. Additionally, Starboard has withdrawn its director nominees for Yahoo’s board as part of the agreement.

At Annual Meeting, two current directors will not stand for re-election, so that following the Annual Meeting the board will have 11 members.  The chairman of Yahoo’s board of directors, Maynard Webb stated that they are pleased to welcome these four new highly respected, independent directors to their board. The additional board members will bring valuable experience and perspectives to Yahoo during this important time for our company.

Yahoo! Inc. (NASDAQ:YHOO) knocking active thrust in leading trading session, shares a decrease of -0.97% to 36.59 with around 13.16 Million shares have changed hands in this session. The stock is going forward its fifty-two week low with 39.92% and lagging behind from its 52-week high price with -18.82%.

Likewise the positive performance for the quarter recorded as 27.27% and for the year was -15.46%, while the YTD performance remained at 10.01%. YHOO has Average True Range for 14 days of 0.89.

Shares of Groupon, Inc. (NASDAQ:GRPN) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -3.90% to close at $4.43. The firm released that it has hired Mike Randolfi as its CFO. Randolfi most recently served as CFO of Orbitz Worldwide where he helped develop and drive significant operational improvements, cultivated strong investor, and analyst relationships and ultimately helped lead that company’s 2015 merger with Expedia. Prior to Orbitz, Randolfi held a number of senior finance roles at Delta Air Lines, ultimately serving as Senior Vice President and Controller.

CEO, Rich Williams stated that they are excited that Mike is joining Groupon as their new CFO. Mike’s strong financial acumen, ecommerce background and experience as a public firm CFO make him the right candidate to help them continue their strategic progress and better connect the millions of merchants and consumers in our local marketplace.

Moving forward to saw long-term intention, experts calculate Return on Investment of -11.50%. The stock is going forward its fifty-two week low with 106.05% and lagging behind from its 52-week high price with -38.39%. GRPN last month stock price volatility remained 5.07%.

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

Check Also

Stocks in Frontline Trades’ Choice: Skyworks Solutions (NASDAQ:SWKS), Microsoft (NASDAQ:MSFT)

Skyworks Solutions, Inc. (NASDAQ:SWKS) [Trend Analysis] try to make new thrust in street and making different …

Leave a Reply

Your email address will not be published. Required fields are marked *