Sandler O'Neill Downgrades Legg Mason (LM) to Hold
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Nomura Says Legg Mason (LM) Buyout Unlikely
January 11, 2013 10:47 AM ESTLegg Mason Inc (NYSE: LM) moved higher Thursday after a Reuters report revealed potential interest from private equity firms. According to the report, talks were lead by money manager's largest affiliates, Western Asset and Clearbridge. However, the board refused to entertain talks until it finds a new CEO.
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