Legg Mason Inc. will be acquired by Franklin Resources Inc. in a $4.5 billion deal that will create the world’s largest asset management company. San Mateo, California-based Franklin Resources, known as Franklin Templeton, will pay $50 per share to buy Legg Mason in the all-cash transaction, which includes issuing about $2 billion of debt. The deal announced Tuesday morning also means Baltimore will lose yet another one of its storied public companies, following the likes of Constellation and Mercantile…
from https://www.bizjournals.com/baltimore/news/2020/02/18/legg-mason-selling-to-california-company-for-4-5.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/190894559827
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