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Article: Legg Mason in Discussions with Brandywine Asset Management

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PR Newswire
Article date:
November 10, 1997
Copyright

BALTIMORE, Nov. 10 /PRNewswire/ -- Raymond A. Mason, chairman of Legg Mason, Inc. (NYSE: LM), and W. Anthony Hitschler, founder and president of Brandywine Asset Management, Inc., confirmed today that the two firms are in discussions regarding the possible acquisition of Brandywine by Legg Mason.

Mr. Mason and Mr. Hitschler both cautioned that terms of a proposed transaction have not yet been finalized, and that the completion of any transaction would be subject to execution of a definitive agreement and satisfaction of various client, regulatory and other conditions.

Brandywine, headquartered in Wilmington, Delaware, is a privately held ... 







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