M&A wrap: Franklin Resources, Legg Mason, Amazon, Jeff Bezos, Pier 1, 1-800 Flowers, Wind Point, Pamlico

Franklin Resources buys Legg Mason to compete against low cost index funds. Amazon’s Jeff Bezos forms climate change fund. Pier 1 goes bankrupt. 1-800 Flowers picks up PersonalizationMall.com from Bed Bath & Beyond. Lower mid-market PE firm raises fifth fund.