Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, July 24, 2014

BRIEF-Legg Mason acquires Martin Currie, (NYSE: LM)

Legg Mason Inc : * Announces acquisition of Martin Currie * Says terms of the transaction were not disclosed * Says transaction is expected to be slightly accretive to Legg Mason's earnings in the first year * Says Legg Mason was advised by J.P. Morgan Securities Llc and Dechert Llp * Says Martin Currie will become a core independent investment affiliate ofLegg Mason * Says senior management team at Martin Currie has signed new long termcontracts in conjunction with the transaction * Source text for Eikon * Further company coverage

Legg Mason, Inc. (Legg Mason) is a global asset management company. Shares of LM traded higher by 0.44% or $0.22/share to $50.64. In the past year, the shares have traded as low as $32.11 and as high as $52.00. On average, 797211 shares of LM exchange hands on a given day and today's volume is recorded at 477021.