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Thursday, August 4, 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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