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Legg Mason approached by private equity firms, report says
Legg Mason Inc. has been courted recently by private equity firms wanting to take the Baltimore money manager private, a Reuters report says, but the company’s board of directors will not entertain the plan — at least for now.
Legg Mason’s board will not explore the option at least until it hires a new CEO, according to Reuters, which cites unnamed sources.
The report says at least two unidenetified private equity investors — one as recently as November — have shown interest in financing…
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