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News Breaks | | | | January 11, 2013 | | 08:49 EDT |  | LM | 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. | |
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News For LM From The Last 14 Days Check below for free stories on LM the last two weeks. |
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| May 16, 2013 | | 12:28 EDT |  | LM | Legg Mason management to meet with Jefferies
Meetings to be held in London on May 22-23 hosted by Jefferies. | | | May 10, 2013 | | 08:00 EDT |  | LM | Legg Mason reports assets under management $655B as of April 30
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