The company also added Tianqiao Chen and Robert Chiu to its board of directors, who are Shanda’s CEO and President. They will help Legg Mason with its Asia operations. LM stock surged 2.3% Tuesday afternoon.
Nelson Peltz dumps Legg Mason stake ... to exit its position in [Legg Mason] at such a low price," Harris wrote. Trian started acquiring Legg Mason stock in 2009, paying about $30 a share, as Legg struggled to right itself after the near …
But is there any relief on the amount of stock that they can own? And how do you sort of see the leverage of the platform over the next year or so? Joseph A. Sullivan - Legg Mason, Inc. Look, Bill, thank you. We're obviously very excited …
LM Funding is still battling a South Florida class-action suit accusing it of deceptive trade practices and charging illegally high interest rates. Since going public in 2015, the company has cut staff, slashed salaries and seen its stock plunge …
BALTIMORE (AP) — Legg Mason Inc. on Wednesday said its assets under management slipped to $679.4 billion at the end of last month, down slightly from $681.6 billion at the end of December. January's preliminary figure is down from …
(Reuters) - Money manager Legg Mason Inc (LM.N), struggling to boost its stock price and stem 19 straight quarters of net withdrawals from its funds, said Chief Executive Mark Fetting will step down effective October 1. Investors …
Since Peltz’s original LM position was disclosed in October 2009, the stock has significantly underperformed the market. In the time Peltz owned the stock it gained only about 6.0%. After trading as high as $57.88 in early 2015, the stock
The shares of common stock and warrants comprising the units are expected to begin separate trading, and the units will cease trading, on or about the 45th day following the commencement of trading on the Nasdaq Capital Market. Shares …
Legg Mason Inc. strongly denied yesterday a published report that it is considering taking itself private and spinning off some of its many subsidiaries. The question about going private comes as the Baltimore money manager's stock price …
But when the economy and its finances turned around in recent months, the stock price was left behind. And Legg Mason executives were put on notice to do something more about costs — something big. Last week, Chief Executive Officer …