The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Legg Mason Sees Trian as Still Devoted Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 01, 2012

Legg Mason Sees Trian as Still Devoted

News summary by MFWire's editors

Trian's revelation that it has reduced its stake in Legg Mason [profile] came in an SEC filing on Friday. But does not mean that Trian and Nelson Peltz are planning to reduce their holdings in the Baltimore-based mutual fund sponsor. That is the latest word out of Legg Mason.

After the MFWire published on Friday evening, a Legg Mason spokeswoman reached out to inform us that Pelz continues to remain "higly committed" to his investment in Trian.

The statement in its entirety reads as follows:
Trian has indicated to Legg Mason that it remains highly committed to its Legg Mason investment. According to its amended 13D, Trian has not sold any Legg Mason shares and has no current intention to sell shares. Today's filing relates to a transfer of Legg Mason shares by Trian to an investor following the expiration of its lock-up period. Nelson Peltz will continue to serve on the Legg Mason Board, and we look forward to continuing to work with him to drive shareholder value.
That's that. At least for now.

Read Friday's story here

Edited by: Sean Hanna, Editor in Chief

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use