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Peltz unloads Legg Mason stake to Shanda Group

Apr. 12, 2016 7:43 AM ETLegg Mason, Inc. (LM) StockBy: Stephen Alpher, SA News Editor
  • Singapore-based Shanda Group agrees to purchase Trian Fund's 9.9% stake in Legg Mason (NYSE:LM). Trian says it's selling its position for portfolio management reasons.
  • Source: Press Release
  • Now read: Legg Mason Is A Strong But Overvalued Company

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Legg Mason, Inc.