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Citigroup/Legg Mason

M/05/049

Completed

Transaction details

Proposal whereby Citigroup, Inc. (Citigroup) would acquire all of the capital markets and private client broker-dealer business of Legg Mason, Inc. (Legg Mason) by purchasing the shares of certain affiliated companies of Legg Mason.
Case details
  • Notification date:10 August 2005
  • Publication date:10 August 2005
  • Economic sector:Financial and insurance services - L
  • Economic sub-sector:Financial and insurance support - L.66
  • Outcome:Cleared
Documents
M.05.049 DeterminationPDF | 68 KB
Timetable

Phase One

  • Thursday, 11 August, 2005 Notification received
  • Wednesday, 24 August, 2005 Third party submission deadline
  • Wednesday, 21 September, 2005 Determination issued
Parties Involved

Citigroup

Global financial services company

 

Legg Mason

Asset management, securities brokerage, investment banking

Contacts
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