Legg Mason has announced it intends to buy Martin Currie in the last quarter of the year for an undisclosed sum.
The group said in an announcement it has agreed a deal to buy the Asian equities specialist later this year. Legg Mason said in a statement: "The transaction is expected to be slightly accretive to Legg Mason's earnings in the first year and is scheduled to close during the fourth quarter of 2014. "Terms of the transaction were not disclosed. The firm will become a core independent investment affiliate of Legg Mason, along with Brandywine Global, ClearBridge Investments, The Permal Group, QS Investors, Royce & Associates and Western Asset Management." Following the acquisition, Mar...
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