Legg Mason Is in Exclusive Talks to Buy Clarion PartnersBy
Deal said to value real estate investment manager at $850M
Clarion management said to retain 20% stake in company
Legg Mason Inc., the global asset manager, is in exclusive talks to buy a majority stake in real estate investment specialist Clarion Partners LLC in a deal that would value the company at about $850 million, people with knowledge of the matter said.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.