Bloomberg News

Lazard Capital Says Still Weighing Options With No Plans to Shut

September 26, 2013

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.

To contact the reporter on this story: Laura Marcinek in New York at lmarcinek3@bloomberg.net

To contact the editors responsible for this story: David Scheer at dscheer@bloomberg.net; Christine Harper at charper@bloomberg.net


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Companies Mentioned

  • LAZ
    (Lazard Ltd)
    • $50.82 USD
    • -0.13
    • -0.26%
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