Lazard sees better financial advisory business in second half, shares up [Reuters]
Lazard LTD. Lazard, LTD. Class A (LAZ)
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Source: Reuters
Lazard sees better financial advisory business in second half, shares up - Reuters 3 Min Read (Reuters) - Lazard Ltd ( LAZ.N ) said on Thursday it expects its financial advisory business to post better results in the second half of 2018, sending shares up about 6%. Mergers and acquisitions (M&A) advisory activity for the financial adviser has picked up globally since end June, including in Europe, where the company saw a dip in completed deals in second quarter, it said. Mega deals have set the pace for M&A globally as large U.S. companies defied U.S.-China trade row jitters and seized on strong equity and debt capital markets last quarter. While global M&A volume fell 27% to $842 billion from first quarter, it could have been significantly worse if it was not for those mega deals, Refinitiv data showed. Lazard advised on several high-profile deals in the quarter such as International Business Machines Corp’s ( IBM.N ) $34 billion acquisition of software company Red Hat Inc and In
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- 11/17/25 - Form 4
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