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Valleywag (Free subscription) | yesterday
$30 billion hedge fund Paulson & Co has released filings to show it owns 3.4 percent of Yahoo shares and intends to support Carl Icahn's bid to replace the company's board. Combined with , Legg Mason fund manager Bill Miller's 5 percent share and Capital Research fund manager Gordon Crawford's 6 percent share, at least 18 percent of Yahoo's ownership now favor displacing the company's board...
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Valleywag (Free subscription) | yesterday
$30 billion hedge fund Paulson & Co. has released filings to show it owns 3.4 percent of Yahoo shares and intends to support Carl Icahn's bid to replace the company's board. Combined with , Legg Mason fund manager Bill Miller's 5 percent share and Capital Research fund manager Gordon Crawford's 6 percent share, at least 18 percent of Yahoo's ownership now favors displacing the company's board...
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Seeking Alpha (Free subscription) | yesterday
Kevin S. Price submits: In yesterday's reading list , we included a recent New York Times piece on Legg Mason's Bill Miller , the renowned fund manager whose flagship fund beat the S&P 500 for 15 consecutive years, from 1991 through 2005. The story's premise -- that Miller has been chastened a bit by his fund's recent underperformance -- is fascinating enough as a study in manager psychology....
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Financial Time (Free subscription) | 05/15/2008
The Federal Reserve should have acted faster to stabilise financial markets and lessen the damage of the credit crisis, according to Chip Mason, chairman of Legg Mason, one of the world's largest money managers
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The Telegraph (Free subscription) | 05/15/2008
... his partial support to Mr Icahn's 11th-hour intervention. Bill Miller, who as portfolio manager at Legg Mason controls more than 6pc of Yahoo!'s shares, welcomed news that Mr Icahn has bought a 3.6pc stake in Yahoo! in a bid to lobby for change. "To the extent he can get the parties back to the table I'd be all in favour of that," said Mr Miller, Yahoo!'s second largest shareholder.
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Tim Brocklehurst (Free subscription) | 05/15/2008
Further to my post yesterday about the Yahoo! saga, I see that Bill Miller, who as portfolio manager at Legg Mason controls more than 6% of Yahoo!’s chares, welcomed Carl Icahn among the senior shareholders yesterday. “To the extent he can get the parties back to the table I’d be all in favour of that”, he [...]
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The Telegraph (Free subscription) | 05/15/2008
Icahn gets backing in battle for Yahoo! By James Quinn, Wall Street Correspondent11:19pm BSTOne of Yahoo!'s largest shareholders has given his partial support to Carl Icahn's 11th-hour intervention into the search engine's protracted $47.3bn takeover battle with Microsoft.Bill Miller, who as portfolio manager at Legg Mason controls more than 6pc of Yahoo!'s shares, welcomed news that Mr Icahn...
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Smart Money (Free subscription) | 05/14/2008
... he figures to have plenty of support from other restive investors. Major shareholders such as Legg Mason and Capital Research and Management were none too happy with Yahoo after Microsoft stalked off, taking some $47 billion with it. In a remarkable moment of candor, Capital Research and Management's Gordon Crawford made his feelings known by offering up this quote: "I am extremely angry...
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Pulse2 (Free subscription) | 05/14/2008
“To the extent he can get the parties back to the table I’d be all in favor of that,” stated Legg Mason Inc. portfolio manager and Yahoo!’s second-largest shareholder, Bill Miller. “But there’s some risk that Yahoo management will become tied up with Icahn or other shareholders and is distracted.” Carl Icahn, one of today's [...]
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Valleywag (Free subscription) | 05/14/2008
... . The man controlling the second largest portion of Yahoo shares, portfolio manager Bill Miller of Legg Mason, told the Journal he's glad Icahn joined the fray. "To the extent he can get the parties back to the table I'd be all in favor of that," Mason said. (Photo by AP/Mark Lennihan)
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The Street (Free subscription) | 05/14/2008
Legg Mason, Northern Institutional and Waddell & Reed also make some changes.
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San Diego Union (Free subscription) | 05/14/2008
... tactics during the negotiations with Microsoft. But Bill Miller, the portfolio manager at Legg Mason who has said he thought a merger would be a good strategic move, said he was unsure he would support Icahn. Legg Mason owns more than 6 percent of Yahoo. In an interview, Miller said he had no knowledge of Icahn's plans and would consider any proposals. But he suggested that without...
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The Guardian (Free subscription) | 05/14/2008
Portfolio manager Bill Miller, who manages a 6% stake in Yahoo at Legg Mason, told the New York Times he would support Icahn but said that to make the election of new board directors worthwhile, Microsoft would need to renew its interest.
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moraaz.org - feed all tech! (Free subscription) | 05/14/2008
... biggest outside institutional shareholders, Gordon Crawford at Capital Research and Bill Miller at Legg Mason. Those latter two each own a little more than 6 percent each of Yahoo at last count. Add the three together, and that's 15 percent of a proxy vote right there. But if they want to nominate a new board of directors, they had better hurry because there are only two days left to file...
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TechCrunch (Free subscription) | 05/13/2008
... biggest outside institutional shareholders, Gordon Crawford at Capital Research and Bill Miller at Legg Mason. Those latter two each own a little more than 6 percent each of Yahoo at last count. Add the three together, and that's 15 percent of a proxy vote right there. But if they want to nominate a new board of directors, they had better hurry because there are only two days left to file...
