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May 16 Legg Mason (LM) plans to buy back $1.25B of convertible senior notes that KKR (KKR +0.4%) purchased in 2008. Legg Mason will take non-cash charge of $70M-$80M in FQ1 for the early extinguishment of the notes. The company also intends to repurchase $1B in shares. Shares +11.3%. (PR)
Comment![Financials, On the Move]
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at MarketWatch.com (May 17, 2012)
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at MarketWatch.com (May 17, 2012)
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at MarketWatch.com (May 16, 2012)
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at MarketWatch.com (May 16, 2012)
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at CNBC.com (May 16, 2012)
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PR Newswire (May 16, 2012)
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PR Newswire (May 16, 2012)
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PR Newswire (May 16, 2012)
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PR Newswire (May 1, 2012)
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Tue, May 1Popular searches: acquisitions, Permal.
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Company Description
Legg Mason is a global asset management company. Acting through our subsidiaries, we provide investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles. We offer these products and services... More