Legg Mason Inc. announced Monday its largest shareholder may take a larger stake in the company and will get two people added to the board of directors. Through an agreement with Legg Mason, Singapore-based Shanda Group’s chairman, Tianqiao Chen, and President Robert Chiu, will join the board of directors by June 1, 2017. The agreement also allows Shanda Group to increase its investment up to 15 percent of outstanding common stock, subject to market conditions and other considerations. As part…
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