If approved, the deal would combine the No. 1 U.S. office supplier with its closest rival, creating a new company with expected annual revenue of $39 billion.
Ellen Gordon, 83, will succeed her 95-year-old husband, Melvin, who was the oldest CEO of any company listed on the New York Stock Exchange or the Nasdaq Stock Market.
Starboard Value said that if Yahoo pursues its rumored purchase of Scripps Networks, it would indicate that a 'significant leadership change' is required at the tech giant.