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Stock Market & Financial Investment News

News Breaks
January 11, 2013
08:49 EDTLMCiti 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.
News For LM From The Last 14 Days
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February 9, 2016
08:11 EDTLMMason reports AUM $651.5B as of January 31
Legg Mason reported preliminary assets under management of $651.5B as of January 31. This month's AUM included preliminary long-term net outflows of $5.8B, consisting of fixed income outflows of $3.8B and equity outflows of $2.0B. Liquidity outflows were $2.8B and this month's AUM included $1.7B in negative foreign exchange impact.

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