Legg Mason’s Miller Says NYSE Board Should Meet With Nasdaq

Bill Miller of Legg Mason Inc., the fifth-biggest shareholder of NYSE Euronext, said the failure of the exchange operator’s board to meet with Nasdaq OMX Group Inc. is inconsistent with its obligations to owners.

“We think it is in the shareholder’s interest that the board work to maximize value for owners,” Miller wrote in an e-mail to Bloomberg News today. “We don’t see how being unwilling to meet with Nasdaq furthers that goal.”