Yahoo investor backs management if Microsoft trims bid

[Joelle]

Yahoo investor backs management if Microsoft trims bid
      


Yahoo shareholder Legg Mason tells the Wall Street Journal it's ready to back Yahoo's effort to stay independent if Microsoft lowers its buyout offer.
In an interview, portfolio manager Bill Miller of Legg Mason, which is the second biggest Yahoo shareholder with a nearly 7 percent stake, calls Microsoft's moves to threaten a lowered bid a [...]
         

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