Legg-Mason to Back Yahoo! Board

Iria · Jul 20, 2008, 05:51 AM

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.
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Source: Tech-Ex

Jul 20, 2008, 05:51 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	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