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Friday, November 15, 2013

Nelson Peltz Withdraws

News summary by MFWire's editors

Nelson Peltz has left the building.

The activist investor who has been a major driver in Legg Mason's ongoing evolution has apparently withdrawn from State Street, according to a number of news outlets, including Bloomberg, the Wall Street Journal and VC Post.

Peltz's Trian Fund Management sold off all of its 1.86 million shares in State Street as of June 30, according to an SEC filing, the news outlets report. 

Edited by: Tommy Fernandez


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