Letters to the Editor
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Tenuous logic
From Yahoo's perspective, in a world where companies can be worth $30 billion on a Friday and $270 million on a Monday, an offer in which shareholders could receive $31 a share might suddenly look a lot better than it did prior to collapse of Bear-Stearns.
The financial sector is getting hammered because of their exposure to exotic mortgage-backed securities. Unless Yahoo is somehow significantly exposed to the subprime mess, then I don't see why Yahoo would expect to see the same type of massive devaluation as Bear did.
Yahoo should, and probably is, looking at the facts relevant to this deal.