Legg Mason Capital Management

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Legg Mason Raises Countrywide Stake; Others Jockey for Position As Well

Feb 13, 2008By

The largest shareholder in Countrywide Financial Corp. said late yesterday that it has upped its stake in the nation’s largest mortgage lender, adding intrigue to a pending acquisition by Bank of America later this year. Legg Mason Capital Management’s chief investment officer Bill Miller disclosed that the company has upped its stake in Countrywide from 11.8 percent to 14.9 percent as of January 18, and said he was looking for more.

3d rendering of a row of luxury townhouses along a street

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