dont know about that ...it will mean that msft will have to raise their bid higher for yhoo.In which case msft may go down even more.
Their offer was take it or leave it. One theory was that they knew their offer will not pass security so they wanted to have high bod on YHOO so no one could buy YHOO cheap and this way, YHOO will not be bought.
It'll be a take it or leave it deal only if MSFT doesnt' change their mind... I bought some MSFT on Friday afternoon just on technicals alone. I figure it looked to be putting in some kinda of bottom... not to mention, a bit oversold - just looking for a bounce. The news on Fri. said the YHOO board would take the next week or so to make a decision so I went ahead with the purchase thinking I was in the clear. I think the ball will now be in MSFT's court. Do they raise the bid???? I think that's the question. If MSFT drops or gaps down on the open Monday, then the market will be under the impression that they are willing to pay more - if MSFT pops up, then the opposite will be true. Just an opinion.
If msft is not going to raise their offer then I would expect yhoo price to drop unless another bidder is coming.