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0 0.000437636761487878 0.000656455142231972 0.000437636761487878 0.00743982494529532 0.00437636761487971 0.00656455142231941 0.00831509846827139
Stock impact report

Activists Continue To Hold Out In WIA [Seeking Alpha]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: Seeking Alpha
SummaryCertain activists in Legg Mason funds continue to hold out.Owners of WIA should take note.Swapping part of WIA into WIW could be one way of hedging the activist event.Author’s note: This article was released to members of CEF/ETF Income Laboratory on August 3, 2020.Franklin Resources acquires Legg Mason CEFsActivists in certain Legg Mason(NYSE:LMBENacquiredFranklin Resources, Inc. (“Franklin Resources”) and Legg Mason, Inc. (“Legg Mason”) announced today that Franklin Resources acquired Legg Mason in an all-cash transaction. As a result of the transaction, Legg Mason Partners Fund Advisor, LLC, Western Asset Management Company, LLC, ClearBridge Investments, LLC and Brandywine Global Investment Management, LLC became indirect, wholly owned subsidiaries of Franklin Resources. Under the Investment Company Act of 1940, consummation of the transaction automatically terminated the management and subadvisory agreements that were in place for each Fund prior to the transaction. Each Fu Show less Read more
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