It's batten down the hatches

From the Wall Street Journal: Microsoft Corp.'s deadline to reach a friendly deal with Yahoo Inc. in its takeover bid expired without comment from either party, setting the stage for a hostile acquisition attempt. The issue of price has been a main sticking point, with Microsoft's cash-and-stock offer valued at $29.68 a share as of Friday's market close. Yahoo's directors have rejected the offer as undervaluing the company, and major Yahoo holders have signaled they want closer to $35 a share. If Microsoft were to walk away, Yahoo's share price likely would fall from its level of $26.80, down 50 cents, in 4 p.m. Nasdaq Stock Market composite trading Friday. It was trading at $19.18 before Microsoft's offer, which carried a 62% premium at the time it was announced.

Rico says it's a case of two drunks trying to hold each other up long enough for the other guy to fall down...