Legg Mason files $1.25 billion shelf

By Ted A. Knutson

Washington, March 11 - Legg Mason Inc. filed a $1.252 billion shelf registration with the Securities and Exchange Commission. Of the registration, $1 billion is new and the remainder is re-registered.

The S-3 shelf allows the company to issue convertible debt securities, debt securities, common stock, preferred stock, warrants, equity units and stock purchase contracts.

The Baltimore, Md.-based financial services firm said proceeds from offerings authorized by the shelf would be used for general corporate purposes.

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