Franklin Resources announced it has entered into a definitive agreement to acquire Legg Mason for $50 per share of common stock in an all-cash transaction valued at $4.5 billion Franklin Resources ...

Franklin Resources BEN, operating as Franklin Templeton, recently entered into an all-cash acquisition deal with Baltimore, MD-based Legg Mason LM, per which the former will acquire the latter for $50 ...

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Franklin Resources is buying scale with the purchase of Legg Mason. The deal is driven by rationalisation and synergies, yet does not fully address the continued issue of outflows. I like the move and ...

Franklin Templeton agreed to acquire rival Legg Mason in a deal valuing its stock at about $4.5 billion. This move represents a big premium for the latter, but it's a sensible transaction that will ...

Franklin Resources Inc has agreed to acquire Baltimore-based investment management firm Legg Mason for $50 per share or $4.5 billion. The deal is expected to close no later than the third calendar ...

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Resources, Inc. (the “Company”) [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced that it has ...

We've been big proponents of consolidation among the U.S.-based asset managers the past several years, with firms expected to pursue scale as a means of offsetting the impact of fee and margin ...

SAN MATEO, Calif. & BALTIMORE--(BUSINESS WIRE)--Franklin Resources, Inc. (“Franklin Templeton”) (NYSE: BEN) and Legg Mason, Inc. (“Legg Mason”) (NYSE: LM) announced today that all conditions to the ...

Franklin Resources Inc’s take-private acquisition of Legg Mason Inc, an investment firm, is expected to close on July 31, 2020. The price of the transaction will be for $50 per share. Also, Franklin ...

Franklin Resources Inc. , which operates as investment manager Franklin Templeton, said Tuesday it has agreed to acquire Legg Mason Inc. in an all-cash deal valued at $4.5 billion. Franklin Templeton ...