Deal Snapshot
Franklin Templeton Closes USD 4.5bn Acquisition of Baltimore Investment Manager Legg Mason
Monday 03 August 2020

California, US-based investment management organisation Franklin Resources, Inc. (NYSE: BEN) has closed the acquisition of Maryland, US-based investment manager Legg Mason, Inc. (NYSE: LM) for USD 50.00 per share of common stock in an all-cash transaction, the company said.

The company will also assume approximately USD 2bn of Legg Mason's outstanding debt.

Date Published: 03/08/2020