UPDATE 2-Franklin Resources to buy Legg Mason as investors move towards passive funds
Asset manager Franklin Resources Inc
said on Tuesday it would buy rival Legg Mason Inc
in a $4.5 billion deal as it looks to navigate through the
changing preferences of investors for low-cost index tracking
funds.
said on Tuesday it would buy rival Legg Mason Inc
in a $4.5 billion deal as it looks to navigate through the
changing preferences of investors for low-cost index tracking
funds.
Posted by Reuters
