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

Posted on April 29, 2020

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

Posted on February 19, 2020

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

Posted on February 18, 2020

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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