UPDATE 1-Franklin Resources to buy Legg Mason in a $4.5 billion deal
Asset manager Franklin Resources Inc
said on Tuesday it would buy mutual fund company Legg
Mason Inc in an all-cash deal valued at $4.5 billion, to
create an investing giant with about $1.5 trillion in assets
under management.
said on Tuesday it would buy mutual fund company Legg
Mason Inc in an all-cash deal valued at $4.5 billion, to
create an investing giant with about $1.5 trillion in assets
under management.
Posted by Reuters
