Franklin Templeton, Legg Mason strike deal to create US$1.5T titan

19 February 2020 | 3 minutes read

Major US fund house Franklin Templeton has agreed to purchase rival American manager Legg Mason, and most of its affiliated brands, for US$4.5 billion in a bid to diversify its strategies, increase distribution capabilities, and expand its geographical footprint. The landmark deal, slated to close by 3Q20, is expected to bring the firms’ combined AUM to US$1.5 trillion and will…

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