Showdown approaches over Lazard&#39;s future
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Lazard was readying itself for a tense board meeting to decide the future of the company yesterday as in-fighting put a planned flotation at risk.
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MICHEL DAVID-WEILL has approved a flotation of Lazard that values the investment bank his family founded at $3.4 billion. The approval is on condition that Bruce Wasserstein, the Wall Street dealmaker running the firm, resigns if the deal fails.
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Bruce Wasserstein, the big, brash Wall Street deal maker, is hatching a plan to take Lazard public.
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Speculation runs high over which of these companies might buy the Wichita plant -- perhaps by the end of the year. BY MOLLY MCMILLIN.
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Osama bin Laden&#39;s sudden reappearance on videotape sent President Bush and Democrat John Kerry into a sharp final round of argument over which one can defeat terrorism and
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Lazard is moving towards a flotation that could raise $3billion and overhaul the complex structure of the powerful investment bank.
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Bruce Wasserstein&#39;s plan to sell shares of Lazard LLC, the world&#39;s largest closely held investment bank, may face opposition from the firm&#39;s 11-member board tomorrow at a meeting in Paris, people familiar with the matter said.
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Bruce Wasserstein, the embattled head of Lazard, has carved out a little breathing room in his fight to take the company public.
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Bruce Wasserstein, head of Lazard LLC, filed today to sell $850 million of shares of the largest closely held investment banking partnership, moving toward a resolution of a feud between two powers of the financial world.
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While increased competition looms, shareholder update looks to the past.
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As judgment day in the nine year-long antitrust battle between Microsoft Corp. and the European Commission draws near, neither side in the protracted dispute knows for sure how it will react to the news on the day.
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BRUCE Wasserstein, the chief executive of Lazard, will be expected to leave if he fails to get a near-$3bn (Â£1.64bn) float of the investment bank away by next June.
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The growing confrontation promises to be an epic business battle.
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US Airways  and its machinists union headed for a showdown in bankruptcy court on Thursday that could ground the airline permanently or improve its chances of survival.
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His political survival at stake, a crucial U.S. ally in the war on terrorism is forced to contemplate a deal doomed to fail
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LONDON Bruce Wasserstein, the embattled head of the investment bank Lazard, has carved out a little breathing room, but at the expense of his long-term job security.
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Lazard's board will meet on Tuesday to  discuss plans for a possible $3 billion public sale of shares  in the independent investment bank, sources close to the matter  said.