Legg Mason getting a foot in the door.(Reverse Spin)

Investment News,  April, 2006  

Tags: Guidant Corp., Legg Mason Inc., S&P

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Byline: Frederick P. Gabriel Jr. It looks as if Legg Mason Inc. is about to get a real leg up on many of its competitors. Standard & Poor's in New York said Tuesday that the Baltimore money manager will soon replace Guidant Corp. in the Standard & Poor's 500 stock index.

Five months ago, Legg Mason, which was previously listed in the S&P MidCap 400 index, nearly doubled its assets under management to $850 billion when it completed a huge asset swap with Citigroup Inc. in New York. Guidant, which is based in Indianapolis and makes heart devices, is ...

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