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News Breaks | | | | February 11, 2013 | | 13:05 EDT |  | LM | Legg 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. | |
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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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