The following corporate finance-related stories were reported by media on Friday: * Legg Mason Inc has been approached in recent months by some of its senior managers and private equity firms with plans to take the struggling asset manager private, but the board has decided against exploring that option at least until the company has a new chief executive, three sources told Reuters.* A former portfolio manager at Tudor Investment Corp who oversaw energy investing from Singapore for the giant hedge fund is setting up his own business with a handful of former colleagues, according to several people familiar with the matter.
Legg Mason, Inc. (Legg Mason) is a global asset management company. Shares of LM traded higher by 3.23% or $0.84/share to $26.84. In the past year, the shares have traded as low as $22.36 and as high as $29.49. On average, 1498060 shares of LM exchange hands on a given day and today's volume is recorded at 8101210.
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