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Article: Legg Mason/Brandywine Accord Signed; Legg Mason's Assets Under Management Will Increase to Over $60 Billion
- Article from:
- PR Newswire
- Article date:
- December 9, 1997
CopyrightCOPYRIGHT 1997 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, Dec. 9 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) and Brandywine Asset Management, Inc. announced today the signing of a definitive agreement to merge Brandywine into Legg Mason in an exchange of stock. Under the terms of the agreement, Legg Mason would issue 2,600,000 shares of its Common Stock, or approximately 10% of its currently outstanding shares, plus 200,000 stock options with exercise prices substantially below current market to replace outstanding Brandywine options. The aggregate number of shares issued at Closing could also be increased by up to an additional 200,000 shares (i.e. up to a maximum of 3,000,000 new shares/options issued) depending ...
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Article: Legg Mason Acquires Berkshire Asset ...
Business Wire;
September 7, 1999 ;
700+ words
... ... Sept. 7, 1999-- Legg Mason, Inc. (NYSE: LM) has acquired Berkshire Asset Management, Inc., a Wilkes ... owned subsidiary of Legg Mason and will continue to ... executive officer of Legg Mason, commented, "We are ...
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