Stifel Financial Corp said it would purchase Legg Mason Investment Counsel & Trust Co (LMIC) from asset manager Legg Mason Inc for an undisclosed price. LMIC will become part of Stifel's global wealth management business. The deal is expected to close in the fall of 2014. (Reporting By Neha Dimri in Bangalore; Editing by Saumyadeb Chakrabarty)
Legg Mason, Inc. (Legg Mason) is a global asset management company. Shares of LM traded higher by 0.14% or $0.07/share to $49.19. In the past year, the shares have traded as low as $29.28 and as high as $49.50. On average, 1113630 shares of LM exchange hands on a given day and today's volume is recorded at 422615.
Stifel Financial Corp. is a financial holding company. Shares of SF fell by 0.51% or $-0.23/share to $44.88. In the past year, the shares have traded as low as $33.77 and as high as $51.59. On average, 427947 shares of SF exchange hands on a given day and today's volume is recorded at 354550.
Stanfield Funds Management Limited (Stanfield) is an Australia-based company. Shares of SFN fell by 0.12% or $-0.03/share to $25.81. In the past year, the shares have traded as low as $24.66 and as high as $27.49. On average, 24273 shares of SFN exchange hands on a given day and today's volume is recorded at 3868.
Source
