Summary:

MCI investors, are hoping to get the same deal as Carlos Slim, and have told MCI board that if they try to do something shady, well then they might have to call in Tony Soprano. Bill Miller CEO of Legg Mason Capital Management fired off a […]

MCI investors, are hoping to get the same deal as Carlos Slim, and have told MCI board that if they try to do something shady, well then they might have to call in Tony Soprano. Bill Miller CEO of Legg Mason Capital Management fired off a note to Michael Capellas,

“…at a minimum, any agreement for MCI to be purchased by Verizon have the same present value as that received by Mr. Slim. …. As I indicated in my letter to the Board last week, events had made Verizon’s $23.50 offer moot; this subsequent development confirms that. There can be no reason for the Board to support an offer to MCI owners that is substantially inferior to what Verizon has just agreed to pay for a non-control block of stock.”

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