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Legg Mason closes acquisition of 82% equity interest in Clarion Partners

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Legg Mason closes acquisition of 82% equity interest in Clarion Partners

Legg MasonInc. said April 13 that it completed the of an 82% equity interest inNew York-based Clarion Partners, a diversified real estate investment firm.

Clarion Partners had $40 billion in assets under managementas of March 31.