June 18, 2004 |
Lazard, the world's largest investment banking partnership, is considering an initial public stock offering and has held discussions with five investment banks about a share sale, two people familiar with the matter said Thursday. An IPO would value the bank, headed by Bruce Wasserstein, 56, at about $3 billion, the people said. The company, run from New York, London and Paris, met bankers from Goldman Sachs Group Inc., Morgan Stanley, UBS, Citigroup Inc. and Lehman Bros. Holdings Inc.
December 17, 2001 |
Bruce Wasserstein, the New York banker tapped to run Lazard, the largest privately held investment bank, is attempting to placate partners in Paris after some threatened to quit, company officials said. Partners in Paris meet today to approve changes in the firm's organization, a prelude to a full vote later this week to transfer control to Wasserstein from Michel David-Weill.
March 23, 2001 |
The owners of Santa Monica's Arboretum Gateway, one of the city's newest office buildings, on Thursday announced the sale of the six-story structure to an affiliate of the investment firm Lazard Freres. Company officials declined to reveal a purchase price, but people familiar with the deal say it was about $80 million. The buyer, Commonwealth Atlantic Properties Inc. of Washington, paid about $400 a square foot--one of the largest amounts ever for a major Los Angeles area office building.
October 1, 1999 |
ARV Assisted Living Inc., a Costa Mesa developer of housing for the elderly, said it settled all outstanding legal disputes with a Lazard Freres & Co. affiliate that owns 48% of ARV. The settlement ends more than a year of uncertainty about the future of ARV, which has sent its stock price plunging 63% over the last 12 months. The relationship between the two soured in April 1998 when the Lazard affiliate agreed to buy ARV competitor Atria Communities Inc.
December 19, 1998 |
ARV Assisted Living Inc. said Friday that its largest shareholder--a Lazard Freres & Co. affiliate--has filed a lawsuit seeking to have the Costa Mesa company's annual meeting declared invalid. The lawsuit, filed in Delaware state court by Prometheus Assisted Living LLC, claimed ARV held the meeting improperly last summer.
December 8, 1998
ARV Assisted Living Inc. said Monday that a Superior Court judge has ruled that a Lazard Freres & Co. affiliate can acquire more than 49.9% of the Costa Mesa-based developer of housing for the elderly. The affiliate already owns 48% of the company. In October, ARV set in place a "poison pill" plan in an effort to prevent a possible hostile takeover by the affiliate. The relationship between the two companies soured when Lazard tried in April to buy ARV competitor Atria Communities Inc.