Back in early 2020, Legg Mason announced that it agreed to be acquired by Franklin Templeton. Read this press release: https://www.businesswire.com/news/home/20200218005552/en/Franklin-Templeton-to-Acquire-Legg-Mason-Creating-1.5-Trillion-AUM-Global-Investment-Manager Note all the key words they use for the strategic rationale: “unlocks substantial value and growth opportunities;” “differentiated capabilities with modest