New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 14, 2013
07:21 EDTLMLegg Mason buyout less likely, WSJ reports
Legg Mason (LM) “never considered” a private-equity buyout, says Chairman W. Allen Reed, reports the Wall Street Journal. The firm formally named interim CEO Joseph Sullivan to the firm’s top position yesterday. In an interview, Reed said the buyout chatter “comes from people that don’t have a very good understanding of how this company operates,” adding that the company’s model as head of a network of investment subsidiaries would make dismantling Legg Mason “a very difficult thing to do” without destroying shareholder value. The elevation of a company insider, who appears committed to the company’s multi-manager model, in itself lessens the likelihood of a PE buyout.Reference Link
News For LM From The Last 14 Days
Check below for free stories on LM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 31, 2014
07:03 EDTLMLegg Mason reports Q1 adjusted EPS 91c, consensus 56c
Reports Q revenue $693.9M, consensus $704.36M. Assets Under Management were $704.3B, up slightly from $701.8B as of March 31 and up 9% from $644.5B as of June 30, 2013.
July 25, 2014
07:33 EDTLMLegg Mason acquisition positive, says Wells Fargo
After Legg Mason agreed to buy international equity manager Martin Currie, Wells Fargo thinks the deal will enable Legg Mason to gain a foothold in international equity, while enabling Currie to leverage Legg Mason's retail distribution channel. The firm does not expect the deal to affect Legg Mason's share buybacks. It keeps an Outperform rating on the shares.
July 24, 2014
08:32 EDTLMLegg Mason acquires Martin Currie
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use