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Legg Mason (LM +5.7%) pops on a report it's been approached by some senior managers and P-E...
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Thursday, January 10, 12:40 PM ETLegg Mason (LM +5.7%) pops on a report it's been approached by some senior managers and P-E firms about a buyout. The board turned away the feelers at least until the company has a new CEO, according to sources. Privatizing the company is easier said then done thanks to the high level of firm debt compared to industry peers.
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