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Submitted: February 13, 2008 - 10:39am
Last updated: February 21, 2008 - 12:07pm
Last updated: February 21, 2008 - 12:07pm
YAHOO'S SECOND-LARGEST SHAREHOLDER SAYS MICROSOFT WILL NEED TO UP ANTE
[SOURCE: C-Net|News.com, AUTHOR: Dawn Kawamoto]
Legg Mason Capital Management, Yahoo's second-largest shareholder with 80 million shares, is offering this assessment of Microsoft's proposed acquisition: Microsoft will need to "enhance its offer" to complete the deal; Yahoo will be in a "tough spot" if it wants to remain independent. Legg Mason values Yahoo at $40 per share; Microsoft's bid values the company at $31 per share.
http://www.news.com/8301-10784_3-9870519-7.html?part=rss&subj=news&tag=2547-1_3-0-5
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