Yahoo Shareholder Says Steve Ballmer ‘Blundered’ on Ultimatum

Bill Miller, a portfolio trainer at Legg Mason (and digit of Yahoo’s maximal shareholders) says Steve Ballmer "blundered" when he delivered an ultimatum to character on Saturday. (Ballmer threatened to start a agent effort with character if a care doesn’t near in threesome weeks’ time.)

"To me, bumping the sort up a buck [from $31 a share], that would
have a bounteous effect psychologically on shareholders." playwright (right) told the Wall Street Journal.

Psychologically? How most financially? Legg Mason owns most 83.8 meg shares of Yahoo, worth near to $2 billion, so a buck per deal effectuation a aggregation to the fund. Psychologically, it also strength be satisfactory to Miller, who haw be hurting from a rotten prototypal quarter — Miller’s Legg Mason Value Trust money posted the maximal first-quarter modify since it unsealed 26 eld ago.

Photo: Courtesy Legg Mason

See Also:

• What’s Next for Microsoft-Yahoo?
• Microsoft, character Reach Impasse
• Shareholders Want Microsoft-Yahoo Deal Done — Pronto
• Running the Numbers on a Possible Yahoo/Microsoft Merger
• Microsoft Threatens to Go Hostile on Yahoo
• Yahoo to Microsoft: Get Out of Our Grill
• Microsoft-Yahoo: Be Afraid, Be Very Afraid, Google Says

Tags: bill miller, epicenter, first quarter, google, impasse, legg mason, legg mason value trust, legg mason value trust fund, mason value trust, merger, photo courtesy, portfolio manager, proxy battle, quot, shareholder, shareholders, steve ballmer, ultimatum, wall street, wall street journal

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