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Jul 19, 2008, 11:51 PM
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Legg-Mason to Back Yahoo! Board
While in February Legg-Mason recommended that Yahoo! take a Microsoft offer, it said it should only do so if Microsoft boosted their offer to $40+ a share. In the upcoming fight that will likely occur at the August 1st Yahoo! shareholders meeting, Bill Miller, chief investment officer of Legg-Mason - although not guaranteeing to vote in that direction - said that it was his firm's "intention" to vote its 4.4% stake in Yahoo! in favor of the company's existing board.
_____________ Source: Tech-Ex |
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LinkBack to this Thread: http://www.driverheaven.net/news/164830-legg-mason-back-yahoo-board.html
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| Tech-Ex on Technorati | This thread | Refback | Jul 23, 2008 04:00 AM | |
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