Miller tries to rewrite the rules

Legg Mason's Bill Miller is demanding that Verizon offer all MCI shareholders what it offered Slim. Which is an admirably fair idea that doesn't quite work. When Verizon bought out the Slim stake, they needed to pay a premium, since they were essentially getting control of the company. It's actually unfair to offer other shareholders as much, in a sense: Their shares just aren't worth it, anymore.