Legg Mason weighing up move to go private: report
Asset manager Legg Mason is looking to go private, The New York Post reported, citing people familiar with the situation.
Legg Mason had been weighing a move that could see one or more private-equity investors, including Kohlberg Kravis Roberts & Co, buy it and spin off most of its numerous funds, the paper said citing the people. The sources also told the paper that obstacles may emerge to frustrate such a deal.
A Legg Mason spokesperson told the paper it was "categorically untrue'' the company was in talks surrounding going private. A Kohlberg Kravis Roberts spokesperson declined to comment to the paper.
Legg Mason and Kohlberg Kravis Roberts could not be immediately reached for comment.
REUTERS