MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, December 3, 2008 Investors Cheer Legg Mason News Legg Mason saw its stock leap 14 percent, or $2.08, to close at $17 on Tuesday, after a bevy of announcements that included amendments to debt covenants, Reuters reports. Legg Mason made that announcement after the market closed on Monday. It also said it will put in additional support for money market funds holding securities issued by structured investment vehicles. The Baltimore firm also renewed a deal with a major bank. The new debt arrangements provide the firm with some "breathing room," Reuters quoted FBR Capital Markets analyst Matt Snowling as saying. Printed from: MFWire.com/story.asp?s=20041 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |