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 |
|
Thursday, February 14, 2013 Legg's Chairman Downplays Buyout Possibility One day after Legg Mason [profile] promoted an insider to the position of CEO, the Baltimore-based asset manager's chairman reiterated that a private equity buyout was unlikely, reported the Wall Street Journal. Chairman W. Allen Reed said that the talk of a buyout "comes from people that don’t have a very good understanding of how this company operates," in a WSJ interview. He didn't completely kill the idea, though, noting that Legg "will always consider all options." Reporter Mia Lamar noted one analyst who says the appointment of new CEO Joe Sullivan makes a buyout even more unlikely. For more details, check out the original article here. Printed from: MFWire.com/story.asp?s=42994 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |