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Stock Market & Financial Investment News

News Breaks
February 11, 2013
13:05 EDTLMLegg Mason advances after Gabelli takes stake, report of new CEO
Shares of asset management company Legg Mason (LM) are rising after investment firm Gabelli announced that it had obtained a 5.13% stake in Legg Mason as of February 8. Separately, Legg Mason reported that its assets under management increased to $654B as of January 31, up from $649B as of December 31. Meanwhile, Dow Jones reported mid-day that the company would name a new CEO this week following a five month search. Several "high profile" executives declined to take the job, the news service added. In early afternoon trading, Legg Mason rose 1.5% to $27.62, down from its high for the day of $28.08.
News For LM From The Last 14 Days
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December 19, 2014
18:17 EDTLMLegg Mason approved Trian to purchase 13% after Peltz exited board
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December 10, 2014
08:00 EDTLMLegg Mason reports preliminary November assets under management of $707.4B
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