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Article: LEGG MASON COMPLETES ACQUISITION OF LONDON UNIT
- Article from:
- PR Newswire
- Article date:
- February 13, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BALTIMORE, Feb. 13 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today the completion of its acquisition of Lehman Brothers Global Asset Management Limited, the London-based global asset management subsidiary of Lehman Brothers Holdings Inc. The signing of an acquisition agreement was announced in December.
The London entity had been part of Lehman Brothers and its predecessor companies for more than ten years. The firm, which specializes in international fixed income and currency management as well as international equity, has approximately $3 billion of assets under management.
As indicated in December, Pauline Barrett is continuing as Managing ...