Bloomberg News

Legg Mason’s Nachtwey Says Firm Looking to Make Acquisitions

June 06, 2012

Legg Mason Inc. (LM:US) is looking to make acquisitions of international, equity and alternative businesses, said Chief Financial Officer Peter Nachtwey.

The Baltimore-based money manager has $700 million to deploy for potential investments and will look to do “lift-outs and bolt-ons” rather than transformational deals, Nachtwey said today at the KBW Asset Management Conference in New York.

To contact the reporter on this story: Alexis Leondis in New York at aleondis@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net


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Companies Mentioned

  • LM
    (Legg Mason Inc)
    • $55.85 USD
    • 0.42
    • 0.75%
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