Arbitrage specialist investment company Laxey Partners has built up a 15.36% stake in the £27.7m Leg...
Arbitrage specialist investment company Laxey Partners has built up a 15.36% stake in the £27.7m Legg Mason Investors Enterprise (LMIE) investment trust, leading to speculation it may be preparing to campaign for a reconstruction. Legg Mason said the board of the trust was currently in discussions with Laxey but could not disclose the nature of the negotiations. Laxey could not be reached for comment. The trust is managed by John Johnston, who brought the then Murray Enterprise Trust with him when he joined Legg Mason from Murray Johnstone in November 2000. The portfolio, which had trip...
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