Peltz's Trian Fund nearing settlement with mutual fund Legg Mason - WSJ

Nelson Peltz's Trian Fund Management LP is nearing a settlement with Legg Mason Inc that will give the activist hedge fund three or four seats on the mutual fund's board and avoid a proxy fight, the Wall Street Journal reported https://www.wsj.com/articles/trian-nears-settlement-with-legg-mason-11558123401 on Friday, citing people familiar with the matter.