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Legg Mason Backs Current Yahoo Board In Icahn Proxy Fight

In its battle to avoid defeat against Microsoft Corp. (MSFT) and billionaire investor Carl Icahn, Yahoo’s (YHOO) board of directors received on Friday a major endorsement from Legg Mason Capital Management - a firm which owns a 4.4% stake in the company. According to WSJ, Legg Mason Capital Management made it known that it would support [...]
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