Tuesday, October 05, 2004
Legg Mason Buys A Gaggle Of Googles
Baltimore-based Legg Mason Funds and Capital Management have bought 4.3 million shares of Google Class A stock, 12 percent of the 34 million Class A shares and 1.5 percent of the whole company, the Baltimore Business Journal reports. With GOOG's closing price of $138.37 on Tuesday, they own $595 million of Google shares. We can only wonder how much they paid for the stock, and how much profit they've already made.