Legg Mason Inc. saw its profit increase in fiscal fourth quarter despite the Covid-19 pandemic, which CEO Joseph A. Sullivan said "reinforced the importance" of the company's planned sale to Franklin Templeton. Read More...
Baltimore stands to lose one of its last few remaining large public companies headquartered in the city after a California-based mutual fund giant announced a $4.5 billion deal Feb.18 to acquire Legg Mason. Read More...
Legg Mason, one of Baltimore’s most recognizable and widely known companies, is being sold. The venerable asset management company is being bought by San Mateo, California-based Franklin Resources Inc. for $4.5 billion. Read More...