Legg Mason to acquire Martin Currie for $203m.

Legg Mason, an asset manager has agreed to acquire Martin Currie, an active international equity specialist based in the United Kingdom for $203m. "Martin Currie's active international equity capabilities fill our largest product gap and are a perfect complement to our existing investment capabilities. The Martin Currie management team shares our passion for innovation, our commitment to delivering compelling investment results and our singular focus on the needs of our clients. Martin Currie is a perfect strategic fit for our growing equity business in Australia, where we see meaningful opportunity. We believe that, over time, our global retail distribution platform will be able to meaningfully leverage Martin Currie's broad based investment capabilities. We are delighted to be the partner of choice for great investors such as Martin Currie." Joe Sullivan, Legg Mason President and CEO.