Legg Mason agreed to buy all the stock of Johnson Fry Holdings for about $70 million. Johnson Fry will be held by Legg Mason (U.K.) Holdings, a wholly owned subsidiary of Legg Mason, but will operate independently and will keep its brand name. Rebecca Thomas, Johnson Fry CEO, and Catherine Toman, CFO, have both signed long-term employment contracts as part of the deal. Johnson Fry is a retail fund manager with about $2 billion under management as of June 30. It has about 83,000 customers in the U.K., who primarily use its unit trust, investment trust, ISAs and PEPs investment vehicles.