Wall St. closes flat, five-week rally ends

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Starboard Value Affirms Nominating Nine Directors to Yahoo!'s (YHOO) Board

March 24, 2016 8:02 AM EDT

Starboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of Yahoo! Inc. (NASDAQ: YHOO) with an ownership interest in approximately 1.7% of Yahoo's outstanding shares, representing an investment of approximately $570 million, announced that it is nominating a slate of nine highly qualified candidates for election to Yahoo's Board of Directors at the 2016 Annual Meeting.

Starboard also announced today that it has delivered the following open letter to Yahoo shareholders, which includes the names and detailed biographies of each of Starboard's nominees towards the end:

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Starboard nominates nine directors to Yahoo!'s (YHOO) board - Bloomberg

March 24, 2016 7:43 AM EDT

Starboard nominates nine directors to Yahoo!'s (NASDAQ: YHOO) board, according to Bloomberg.

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