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NEW YORK – Well-known value investor Michael Price, who ran the firm MFP Investors has died, the firm said in a statement on Tuesday. He was 70.
Price died on Monday after a lengthy illness, according to the emailed statement provided by Timothy Ladin, MFP’s general counsel.
“He was a legendary investor, philanthropist, and a great mentor to us all,” Ladin said.
A 1996 article in Fortune described Price as “Wall Street’s foremost value investor,” crediting him with driving the merger of Chase Manhattan and Chemical Bank.
(Reporting by Lewis Krauskopf; Editing by Bill Berkrot)