Short Takes: Liberty Plans to Issue $800M of Securities

Liberty Financial Cos. has filed an application with the Securities and Exchange Commission to issue up to $800 million in stocks, bonds, and other securities, with the proceeds earmarked for acquisitions or other purposes.

The Boston-based company said the capital raised through an offering could also be used to refinance debt. Liberty has been an aggressive acquirer of money management companies, buying three this year alone. The company's stock is listed on the New York Stock Exchange.

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