(May 18 – 17:30 ET)- Perigee Inc. shareholders overwhelmingly approved the merger of Perigee with Legg Mason Inc. at a special shareholders meeting held today. “We are very excited to have reached this point in Perigee’s evolution,” said Alex Wilson, chief executive officer of Perigee Inc. “Although the merger is an immediate benefit to our shareholders, the major long-term advantages will be realized by our clients.”

The merger, originally announced on March 10, 2000, is still subject to court approval. It is expected to be completed on May 26, 2000.

The addition of over C$21 billion of assets under management by Perigee
increases Legg Mason’s assets under management to over C$170 billion.