|
|
Article: Legg Mason Acquires Berkshire Asset Management.
- Article from:
- Business Wire
- Article date:
- September 7, 1999
CopyrightCOPYRIGHT 1999 Business Wire. 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)
|
BALTIMORE--(BUSINESS WIRE)--Sept. 7, 1999--
Legg Mason, Inc. (NYSE: LM) has acquired Berkshire Asset Management, Inc., a Wilkes-Barre, Pennsylvania investment advisory firm that manages approximately $600 million in equity, fixed income and balanced accounts for high net worth individuals and institutions, the two firms announced today. Terms of the transaction were not disclosed.
Berkshire had been owned by its two principals: Michael H. Cook, who founded the company in 1986 and serves as its president and chief executive officer, and Kenneth J. Krogulski, executive vice president and chief investment officer.
Berkshire has become a wholly ...