Michael Price, well-known value investor, dies at 70 By Reuters



NEW YORK (Reuters) – 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.

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