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Thursday, August 04, 2011

Peltz Buys More Legg Mason Shares

News summary by MFWire's editors

Activist investor Nelson Peltz's Trian Fund Management has increased its stake in Legg Mason [see profile]. Trian purchased 2.65 million shares of the Baltimore-based asset manager this week for roughly $76.5 million, Bloomberg reports.

Trian now owns 13.9 million Legg Mason shares. 

Edited by: Armie Margaret Lee


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