Legg Mason Gains on Acquisition News

Guidant drops on product warning; A.O. Smith falls on lowered cuts guidance; plus more of Friday's stocks in the news

Legg Mason (LM ) shares gained Friday on news the company is to acquire Citigroup's (C ) asset management operations in exchange for Legg Mason's privte client and brokerage business, in a deal valued at $3.7 billion. S&P reiterates its buy opinion on Legg Mason.

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