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REJECTION COULD SPUR 'LITANY OF LAWSUITS'
Microsoft's bid for Yahoo took on the air of inevitability Monday, even as the Sunnyvale search firm's board of directors officially rejected the offer.
That decision, first reported during the weekend, was widely viewed on Wall Street as an effort to get Microsoft to raise its $44.6 billion, or $31 a share, proposal - or at the very least give Yahoo time to look at other options. Yahoo's stock rose 2 percent in regular trading to close at $29.87, up 67 cents.
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