MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 16, 2005 Feds Give Nod to Citi, Legg Deal Legg Mason and Citigroup have received approval from the Federal Trade Commission about their proposed business unit swap, reports Reuters. The two companies announced the swap in late June. Under the deal, which is valued at $4 billion, Legg Mason will become the fifth largest asset manager with approximately $830 billion in assets. Citigroup will gain Legg Mason's 1,540-strong brokerage force, upping its brokerage to 13,800. Printed from: MFWire.com/story.asp?s=10272 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |