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0.00164338537387028 0.00400986031224322 0.00349219391947415 0.00575184880854563 0.00986031224322112 0.0123253903040263 0.0123253903040263 0.0123253903040263
Stock impact report

Royce Closed-End Funds Announce That Franklin Resources, Inc. Is To Acquire Legg Mason, Inc.

Royce Global Trust, Inc. (RGT) 
US:NYSE Investor Relations: roycefunds.com/funds/royce-value-trust
Company Research Source: PR Newswire
NEW YORK, Feb. 19, 2020 /PRNewswire/ -- On February 18, 2020, Franklin Resources, Inc. ("Franklin Resources") and Legg Mason, Inc. ("Legg Mason") announced that they have entered into a definitive agreement for Franklin Resources to acquire Legg Mason.Royce Investment Partners ("Royce"), the investment advisor for each Fund, is currently an indirect subsidiary of Legg Mason. As part of this transaction, Royce would become an indirect subsidiary of Franklin Resources. The transaction is subject to approval by Legg Mason's shareholders and the satisfaction of certain customary closing conditions, including the receipt of all applicable regulatory approvals. Subject to the satisfaction of such conditions and the receipt of such approvals, the transaction is expected to be consummated later this year. Under the Investment Company Act of 1940, consummation of the transaction will result in the automatic termination of each Fund's investment advisory agreement with Royce. Therefore, the Boa Show less Read more
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