Larry the Liquidator Ought to Be Along Any Minute Now …
Boy, the corporate raiders are all piling on Yahoo (YHOO) now, aren’t they? First Carl Icahn. Then John Paulson. And now T. Boone Pickens as well. Who’s next? Larry the Liquidator?
This morning Pickens, a legendary Texas oil and gas entrepreneur, said he’s bought up 10 million shares of Yahoo–a little less than 1% of the company. Why? Because Icahn invested in Yahoo first. “Carl Icahn is a smart guy,” Pickens said today in an interview with CBNC. “He does great things for shareholders and now I’m a shareholder. When I saw what he did, I jumped in behind him. … The only thing I know about Yahoo is what [CNBC Host] David [Faber] just told me, and that Carl Icahn is a big shareholder.”