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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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December 10, 2014
08:00 EDTLMLegg Mason reports preliminary November assets under management of $707.4B
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December 4, 2014
10:08 EDTLMOn The Fly: Analyst Initiation Summary
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05:31 EDTLMLegg Mason initiated with an Equal Weight at Barclays
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