Yahoo on Monday morning published a letter rebuffing Microsoft's imposed three-week deadline to accept a takeover bid, dismissing many of the claims made in the original argument. The formal rejection again states that Microsoft's $31 per share bid "substantially undervalues" Yahoo and adds that the actual value of the deal has decreased since it ...

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	www.macnn.com/articles/08/04/07/yahoo.rejects.ms.ultimatum/