Yahoo Inc.’s independent directors have formed a “strategy and transactions committee” headed by board member David Kenny, according to a person familiar with the matter, as the company attempts to map out its future following the ouster this week of Chief Executive Carol Bartz.Yahoo will tap investment bank Allen & Co. to work with the board’s strategy committee, the person said. UBS Investment Bank is already working with Yahoo on a possible sale of the Internet company’s stake in Yahoo Japan, and also advised the company during its recent dispute with China’s Alibaba Group over online payments site Alipay. The bank will work alongside Allen & Co. as the board undertakes a strategic review, people familiar with the matter said.

via Yahoo Begins to Line Up Its Bankers – Deal Journal – WSJ.