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Nelson Peltz's Trian gets three Legg Mason board seats in settlement

( May 20, 2019, 22:23 GMT | Official Statement) -- MLex summary: Legg Mason has appointed Nelson Peltz and Ed Garden of Trian Fund Management to its board of directors, while increasing the size of its board from 10 to 12 members. Trian will also identify a third independent director candidate who, following board approval, will be included as a director nominee at Legg Mason's upcoming shareholder meeting, according to a statement. Trian Partners currently controls around 4.5 percent of Legg Mason's outstanding common stock.Full statement follows....

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