Tuesday, February 12, 2008

Legg Mason's Miller Says Microsoft Must Raise Yahoo Bid to Succeed - WSJ.com

"The second-largest shareholder in Yahoo Inc., Legg Mason Inc., believes Microsoft Corp. will have to boost its $41.6 billion offer in order for a deal to be consummated.

Renowned Legg Mason fund manager Bill Miller said in a letter to investors that it will be hard for Yahoo to come up with alternatives 'that deliver more value' than what Microsoft 'will ultimately be willing to pay.'"

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