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Legg Mason Reaches Deal With Hedge Fund Trian Over Board Seats

by fnlondon.com posted 1month ago 21 views
Legg Mason  confirmed that it reached an agreement with Trian Fund Management on the composition of its board, naming Nelson Peltz and Ed Garden as directors. Legg Mason said Trian also will identify a third independent director candidate who, following board approval, will be included as a Legg Mason nominee. Trian owns a roughly 4.5% stake in the Baltimore-based money manager.

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