Merger Deadline Passed? Yahoo!

The June 25 deal for closing the proposed merger of Microsoft and Yahoo! came and went, and directors of the latter more than likely had the date circled on their calendars.

Yahoo! awarded each director the option to buy 15,000 shares of its stock at a price of $15.53 per share June 25, 2016, as part of their annual compensation, Silicon Valley Insider reported.

The thinking is that the shares will be worth far more than $15.53 apiece on that date and, by selling grant stock, the directors will get to pocket the difference, according to Silicon Valley Insider, which added that if Yahoo! shares grow at a 5% annual pace, each director will make about $95,000.