BBJ: Legg Mason’s profit grows 29% in fiscal 4Q despite pandemic

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.
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The Baltimore Sun: Baltimore’s Legg Mason to be acquired by California investment giant Franklin Templeton

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.
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The Daily Record: Legg Mason to be bought by Franklin Resources for $4.5B

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.
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