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Rating:Peltz Ups His Legg Mason Stake Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, December 21, 2009

Peltz Ups His Legg Mason Stake

News summary by MFWire's editors

Nelson Peltz has hiked his stake in Legg Mason. The activist investor purchased an additional 717,000 shares last week, bringing his holdings to nearly 7.7 million shares, or 4.75 percent, The Baltimore Sun reports.

Peltz secured a seat on Legg's board this fall after accumulating a 4.3 percent stake in the firm. 

Edited by: Armie Margaret Lee


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