Legg Mason Backs Current Yahoo Board In Icahn Proxy Fight
July 18, 2008 at 23:13 PM EDT
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 [...]