As I noted in a post yesterday, Legg Mason fund manager Bill Miller has suggested that the company can keep the current cash, but pay out all future free cash flow to holders.

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Legg Mason Capital Management CEO Bill Miller --who oversees 5.6 million shares of MCI, about 1.76% of the company--has said that Qwest's offer is superior, and that if Verizon's bid comes to a vote, he'll shoot it down.

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For instance, take the Legg Mason Capital Management Value Fund, managed by Bill Miller.

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Rapuano, who spent 10 years at Legg Mason, where she worked with renowned value investor Bill Miller, says most people have never heard of this company though they constantly use its products.

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Bill Miller, a fund manager at Legg Mason, Yahoo!'

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Baltimore-based Legg Mason Capital Management Inc. held a combined 79.8 million shares of Freddie as of July 31 in Bill Miller's Value Trust and Opportunity Trust funds as well as institutional accounts, the firm said.

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