Legg Mason to pay put in cash

New York, May 6 - Legg Mason, Inc. said it will pay cash for any Liquid Yield Option Notes due 2031 that are put back to the company on June 6.

If all the securities are put back, the Baltimore-based financial services company will pay $268 million.

The put price is $491.58 per $1,000 principal amount at maturity.

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