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KM Financial Solutions | UPDATE 3-Franklin Resources to buy Legg Mason in union of active management ‘believers’
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UPDATE 3-Franklin Resources to buy Legg Mason in union of active management ‘believers’

17 Feb UPDATE 3-Franklin Resources to buy Legg Mason in union of active management ‘believers’

Posted at 18:04h in News by
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Asset manager Franklin Resources Inc
said on Tuesday it would buy rival Legg Mason Inc
in a $4.5 billion deal as the two firms known for their
stockpicking grapple with investors’ embrace of low-cost index
tracking funds.

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