Trian Nears Settlement With Legg Mason, Could Get 3-to-4 Board Seats

Trian Nears Settlement With Legg Mason, Could Get 3-to-4 Board Seats

Money manager Legg Mason Inc. is nearing a settlement with Trian Fund Management LP that would give the activist hedge fund three or four seats on its board and avoid a proxy fight, according to people familiar with the matter. The talks could still fa...

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Money manager Legg Mason Inc. is nearing a settlement with Trian Fund Management LP that would give the activist hedge fund three or four seats on its board and avoid a proxy fight, according to people familiar with the matter. The talks could still fall apart, …