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Friday, May 13, 2011 Legg Mason Wraps Up the Sale of a Subsidiary Legg Mason [see profile] has completed the sale of Barrett Associates [see profile] to the latter's management team. The transaction, terms of which were not made public, closed on April 29 [SEC filing] The buyers have created a new company called Barrett Asset Management. The firm offers two mutual funds, Barrett Growth and Barrett Opportunity. The deal with Legg Mason was signed December 6 of last year. Printed from: MFWire.com/story.asp?s=36802 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |