Miller Backs Icahn’s Yahoo! Proxy Battle
May 15, 2008, by web proxy. Category: Proxy

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 said. Miller’s endorsement indicates a significant portion of Yahoo! is leaning towards the Microsoft deal. It is one thing for a board to have pressure from its shareholders, yet another

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