Deals
Legg Mason to Buy International Manager Martin Currie
This article is for subscribers only.
Legg Mason Inc., the money manager that’s struggled with more than five years of net redemptions, agreed to buy Martin Currie to expand into active international stock funds. Terms weren’t disclosed.
Martin Currie, founded in 1881 as an accountancy partnership, will add $9.8 billion in assets, Baltimore-based Legg Mason said today in a statement. The acquisition of Edinburgh-based Martin Currie, which will operate as a separate affiliate, is set to close in the fourth quarter.