The level of aggravation among Yahoo's largest shareholders is high two days after talks between Yahoo and Microsoft broke down.
Given that frustration, activist investors have been considering whether to mount a proxy fight of their own to oust the Yahoo board, say people familair with the situation.
That does not mean such a fight will break out.
And given the unexpectedly high level Yahoo's stock has at traded, potential activists who might want to build a large position in the stock have found themselves stymied.
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