Legg Mason Pops 8% On Convert Repurchase From KKR

Shares of Legg Mason jumped after the money manager said it will repurchase $1.25 billion of convertible senior notes from private equity firm Kohlberg Kravis Roberts, perhaps signaling a floor in its stock price. Shares of Legg Mason (LM) rose about 8% to $24.09 on news of its new capital plan, which will cut expenses [...]
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.