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TUESDAY FEBRUARY 12
‘Full And Fair’ – Or Full Of Hot Air? “Full and fair” are the words Microsoft is using to describe its offer for Yahoo, but Yahoo is crying foul. And with that, the war of words has officially begun. If you happen to be following this closely, you might want to get out your decoder ring: what will no doubt ensue will be a weird, wacky, highly encrypted dialogue fraught with hidden meanings and double entendres. Contrary to what it might seem at first blush, this is not for your entertainment. Each company must choose its words wisely, as what they say could determine whether there are shareholder lawsuits later. Indeed, when Yahoo complains that Microsoft’s offer "substantially undervalues" it, that is a very different thing from Yahoo scorning it as “inadequate.” Catching on yet? No? Well, here’s a cheat sheet for those of you who have yet to receive your indoctrination to the rules and regs of the delicate verbal gymnastics that permeate the 21st century takeover. February 2008New User?Sign up to get free access to TraderDaily.com
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