m&a

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Worked at Legg Mason for 13 years

Offer issued this morning

Legg Mason to be valued at $50 per share

'Greater economies of scale'

To be named First Sentier Investors from 22 September

Acquisition completion expected 31 July

Heads of compliance, COO business management and investment governance set to depart

Pamfleet deal expands firm's reach into Far East

UK's second-largest retail fund manager formed