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Franklin Resources To Purchase Legg Mason, Forming $1.5 Trillion AUM Giant
![](https://talkmarkets.com/user_content/contacts/thumb_C7E348DB-583E-4A38-9662-582A1A07DADD.jpeg?app=195975)
Article By:
Tyler Durden
Tuesday, February 18, 2020 9:10 AM EDT
Franklin Resources Inc. announced Tuesday that it has entered into a definitive agreement to acquire Legg Mason, Inc. for $50 per share, or about $4.5 billion, in an all-cash deal.