Yahoo Says Canyon Capital Letter To Board Contains Misperceptions

January 15, 2016 3:24 PM

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Yahoo Says Canyon Capital Letter To Board Contains Misperceptions

Yahoo Inc said on Friday that a letter sent to its board from the investor Canyon Capital contained misperceptions about the company.

Yahoo shareholder Canyon Capital, in a letter obtained by Reuters on Thursday, said the Internet company's board and management team have spent in excess of $3 billion on acquisitions to which, based on the its stock price, the market appears to ascribe negative value.

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