LM News and Press, Legg Mason Inc. From 05/23/20

Trian Fund offloads its entire stake of 2.46M common shares in Legg Mason (NYSE: LM ) at weighted average price of $49.80. More news on: Legg Mason, Inc., Financial stocks news, Read more ...

This has arguably been the toughest time in merger arbitrage in years. The coronavirus has wreaked havoc on pretty much everything in the world, M&A included. Deals that were signed before the uncertainty of the virus were done at valuations that might not make sense in our new world. H...

This article is part of a series that provides an ongoing analysis of the changes made to George Soros’s 13F stock portfolio on a quarterly basis. It is based on George Soros’s regulatory 13F Form filed on 05/15/2020. Please visit our Tracking Soros Fund Management Holdings ar...

NEW YORK , May 18, 2020 /PRNewswire/ -- Miles Lewis , CFA, is joining Royce Investment Partners ("Royce") as Portfolio Manager on Royce Total Return and Dividend Value Funds. Prior to coming to the firm, he was a portfolio manager (2014-2020) and investment analyst (2010-2014) for the we...

Merger activity sputtered to a stop again last week with no new deals announced and one deal closing. This is the fifth week this year with no new deals announced. There were however some potential deals that were announced last week. On Monday, May 11, 2020, according to Bloomberg, Amazon.c...

Soros Fund Management ups share stake in Peloton (NASDAQ: PTON ) from 0.28M Class A shares to about 2.99M shares. More news on: Peloton Interactive, Inc., Mondelez International, Inc., Archer-Daniels-Midland Company, Energy stocks news, Financial stocks news, Consumer stocks news Read m...

BALTIMORE , May 15, 2020 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced that its shareholders have voted to approve its proposal to merge with Franklin Resources, Inc. (NYSE:BEN), a global investment management organization operating as Franklin Templeton . During a virtual...

Legg Mason (NYSE: LM ) preliminary assets under management of $763.1B at the end of April rose from $730.8B at the end of March. More news on: Legg Mason, Inc., Financial stocks news, Read more ...

BALTIMORE , May 12, 2020 /PRNewswire/ -- Legg Mason , Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $763.1 billion as of Apr 30, 2020 . This month's AUM included long-term net outflows of $1.4 billion , driven by fixed income net outflows of $2.5 billion , pa...

Franklin Resources ( BEN ) and Prudential Financial ( PRU ) are two businesses directly tied to the changing fortunes in the U.S. stock and bond markets. Without doubt, the market upheaval in early 2020 from the coronavirus pandemic has negatively affected operations and long-term worth. W...