Lazard Capital Markets LLC, the closely held brokerage controlled by current and former Lazard Ltd. (LAZ:US) employees, said it’s still exploring options such as a sale and has no plans to close.
“It’s business as usual, serving clients,” Scott Sunshine, a spokesman for the New York-based broker-dealer, said in a phone interview. “There is no deal announcement imminent, and there are no plans to shut the firm down.”
Fox Business Network’s Charles Gasparino sent a message on Twitter today saying the firm’s executives are looking for jobs as “speculation swirls” that the company is close to reaching a takeover deal or may shut down. Lazard Capital, spun out amid Lazard Ltd.’s 2005 initial public offering (LAZ:US), said in May it was weighing options including selling itself or seeking a partner to increase the value of the business.
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