To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionFranklin Templeton to acquire Legg Mason for $4.5b
Franklin Resources, which operates as investment manager Franklin Templeton, has acquired Legg Mason in an all-cash deal valued at $4.5 billion.
The deal will create an entity with a combined $1.5 trillion in assets under management and will expand Franklin’s presence in key geographies with a platform balanced between institutional and retail client AUM. The deal is expected to close no later than the third quarter of 2020.
