MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, September 22, 2008 Is a Buyout in the Cards for Legg Mason? Legg Mason may be considering taking itself private, The New York Post reports. The pub says that Legg is mulling a buyout that would take it private, possibly by a private equity firm. Kohlberg Kravis Roberts & Co, a name that was banded about in reports on the impending Neuberger Berman sale, was mentioned by the pub as a possible buyer. However, a sale may not be a foregone conclusion for the firm, as a source told the Post that there are still many obstacles to a successful deal. A spokesperson for Legg told the pub that the rumors that it was in talks to go private were "categorically untrue." Legg has not had an easy path of late. It had to inject capital into several of its money market funds to keep them from breaking the buck. Also, Bill Miller, it star fund manger, has seen his once impressive track record fall to earth. Printed from: MFWire.com/story.asp?s=19388 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |