Citigroup and Legg Mason are doing a little trading of assets. Legg Mason will get Citigroup's Asset Management business, and Citigroup in return will get Legg Mason's broker-dealer business. Citigroup will also get about $1.5 billion of Legg Mason's common and convertible preferred shares, and nearly $550 million in a five-year loan facility provided by Citigroup Corporate and Investment Banking.
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