Citi sees 'many complexities' with possible Legg Mason buyout Following reports that private equity approached Legg Mason about a potential buyout, Citigroup says such a deal would be "fraught with many complexities." Citi estimates that a break-up of Legg Mason could yield $28-$30 per share, and possibly $34 per share should bankers be willing to lever the platform to four times EBITDA. Citi views shares of Legg Mason as "fundamentally pricey" at current levels and keeps a Neutral rating on the name.
Legg Mason reports assets under management $702.7B as of March 31 Legg Mason reported preliminary assets under management of $702.7B as of March 31. This month's AUM included preliminary long-term inflows of $2.6B driven by fixed income inflows of $3.9B. Equity and Liquidity outflows were $1.3B and $6.5B, respectively. March AUM included a negative foreign exchange impact of $3.2B.