Legg Mason Ready To Support Independent Yahoo If Microsoft Lowers Bid (CBS News)

The second-largest Yahoo (NSDQ: YHOO) shareholder Legg Mason (LM) is offering a ray of hope for the company, sort of: LM portfolio manager Bill Miller told WSJ his firm is prepared to support an independent Yahoo, should Microsoft (NSDQ: MSFT) lower its offer, as it threatened to do this weekend. Legg Mason is the second biggest shareholder in the company, with about 7 percent of Yahoo shares as ...

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