Private equity fund Mithras Capital (owns 1.9 million YHOO shares, or 0.14 percent) proposed a new deal this week: Sell Yahoo to Microsoft for $22 a share.  Current trading price: $12.29.  That’s quit a premium– looks like someone at Mithras is smoking something.

Based on the comments at the press release blog post (see link below), looks like most people think this proposal lacks merit.  I have to agree.

Sources:

Press Release

Reuters/NYT