In April, before Microsoft's ultimatum for Yahoo to accept its bid came to pass, Legg Mason threw its support behind Yahoo . Now the investor group is continuing its support of Yahoo and plans to vote for the current board at the upcoming August 1 shareholders meeting . However, Legg Mason did advise Yahoo and Carl Icahn to bury the hatchet by the time of the meeting. Icahn has submitted a proxy board to replace the current board and has been in talks with Microsoft for a deal should his board win. Legg Mason owns 60.7 million shares of Yahoo, adding up to 4.4% of the total shares. via Reuters ...
Anytime
