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Stifel Financial to buy Legg Mason Investment Counsel

June 4 (Reuters) - Stifel Financial Corp said it would buy Legg Mason Investment Counsel & Trust Co (LMIC) from asset manager Legg Mason Inc for an undisclosed price.

LMIC will become part of Stifel's global wealth management business. The deal is expected to close in the fall of 2014.

(Reporting By Neha Dimri in Bangalore; Editing by Saumyadeb Chakrabarty)