What Can You Buy for $281.2 Million?
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Thursday, December 16, 2004

What Can You Buy for $281.2 Million?

Baltimore, Maryland-based Legg Mason raised $281.2 million in a public offering of four million shares of its stock priced at $70.30 per share.

The money is earmarked for "general corporate purposes, including potential future acquisitions," officials stated in a release.

Legg Mason Wood Walker, Goldman Sachs and Merrill Lynch managed the offering, officials stated.

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