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Legg Mason was an American investment management and asset management firm headquartered in Baltimore, founded in 1899 and acquired by Franklin Templeton Investments as of July 2020.
Franklin Resources, Inc. (NYSE:BEN) is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries.
Jul 31, 2020 · Franklin Templeton Completes Acquisition of Legg Mason. July 31, 2020. Establishes Franklin Templeton as One of the World’s Largest Independent, Specialized Global Investment Managers. Combined Company to Offer Complementary Investment Strategies to More Clients in More Places.
Franklin Templeton, a global investment management organization, announced a definitive agreement to buy Legg Mason, a specialized asset manager, for $50 per share in an all-cash deal. The combined company will have $1.5 trillion in AUM and offer complementary investment strategies across multiple channels and geographies.
- Matt Walsh
- (650) 312-2245
- Franklin Resources, Inc.
Franklin Templeton offers a range of investment products and services, including mutual funds, ETFs and insights on market topics and themes. Learn more about their investment managers, retirement planning, charitable giving and access to accounts.
Jul 17, 2020 · Franklin Templeton will pay $50 per share in cash for Legg Mason, a global investment management firm with $783 billion in assets under management. The merger will create a combined entity with pro forma assets under management of $715 billion as of June 30, 2020.
In July 2020, Franklin Templeton acquired Legg Mason, Inc. and its multiple specialist investment managers, establishing Franklin Templeton as one of the world's largest independent, specialized global investment managers with a combined $1.4 trillion in assets under management (AUM) across one of the broadest ranges of high-quality investment ...
