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Franklin Templeton Expects to Close Acquisition of Legg Mason on July 31, 2020

SAN MATEO, Calif. & BALTIMORE--(BUSINESS WIRE)--Franklin Resources, Inc. (“Franklin Templeton”) (NYSE: BEN) and Legg Mason, Inc. (“Legg Mason”) (NYSE: LM) announced today that all conditions to the closing of their previously announced merger transaction have been satisfied and the transaction is expected to close on July 31, 2020.