Lazard Ltd


  • May 7- Mondelez International Inc and competitor D.E Master Blenders 1753 are merging their coffee businesses in a deal aimed at taking on market leader Nestle SA. The merger announced on Wednesday will marry Mondelez's grocery coffee brands such as Carte Noire and Gevalia with D.E Master Blenders' L'OR, Pilao and Senseo brands.

  • May 7- Mondelez International Inc and rival D.E Master Blenders 1753, who make Kenco and Douwe Egberts brands respectively, will join up in a deal that creates the world's biggest pure-play coffee company to take on market leader Nestle.

  • Clothing group FatFace seeks $743M London listing Thursday, 1 May 2014 | 11:59 AM ET

    British clothing chain FatFace is to list on the London Stock Exchange, it said on Thursday, targeting a market value of at least 440 million pounds ($743 million).

  • LONDON, May 1- British clothing chain FatFace is to list on the London Stock Exchange in a float that could value the company around 440 million pounds and help it cut debt ahead of its expansion into North America.

  • May 1- Investment bank and asset manager Lazard Ltd more than doubled its adjusted quarterly profit as its merger advisory revenue soared in a thriving M&A market. Lazard's financial advisory revenue soared 64 percent to $275.5 million in the first quarter ended March 31, driven by a doubling of M&A and other advisory fees.

  • Lazard adj profit doubles as global M&A volumes soar Thursday, 1 May 2014 | 7:07 AM ET

    Lazard's profit rose to $81 million, or 61 cents per share, on an adjusted basis in the three months ended March 31, from $37 million, or 28 cents per share, a year earlier.

  • *Deal will help Exelon sell more power at regulated rates. *Exelon shares fall 5 pct, Pepco up 18 pct. April 30- Exelon Corp said it would buy Pepco Holdings Inc for $6.83 billion, helping it overtake Duke Energy Corp as the biggest power distribution company in the United States.

  • April 30- Exelon Corp, the largest U.S. nuclear power producer, said it would buy Pepco Holdings Inc for $6.83 billion to create the biggest electric and gas utility in the U.S. Exelon's $27.25 per share cash offer represents a near 20 percent premium to Pepco Holdings' Tuesday close of $22.79 on the New York Stock Exchange.

  • PARIS, April 28- France said it would defend jobs and its national interest as it met suitors eyeing a breakup of engineering group Alstom on Monday and suggested it preferred Germany's Siemens over U.S. giant General Electric.

  • *Royal Mail shares still 55 pct above offer price. LONDON, April 28- Britain's financial regulator will not investigate the government's sale of Royal Mail, it said on Monday, rejecting calls from lawmakers who said a sharp rise in the firm's share price should have set alarm bells ringing.

  • *Novartis to buy GSK's oncology assets for $14.5 bln. The deals, which include Novartis buying GSK's cancer drugs and GSK acquiring Novartis' vaccines business, came hot on the heels of a newspaper report that AstraZeneca had turned down a $101 billion bid approach from Pfizer- a story that sent shares across the sector surging.

  • *Novartis to buy GSK's oncology assets for $14.5 bln. *Lilly to buy Novartis' animal health arm for $5.4 bln.

  • April 14- Credit Suisse AG has hired Jim Spencer from Lazard Ltd as head of financial institutions investment banking for the Americas, according to an internal memo seen by Reuters on Monday. Spencer will join Credit Suisse in October as a managing director based in New York. At Lazard, Spencer headed its U.S. banks advisory practice.

  • April 14- TIAA-CREF, a retirement services provider to non-profit organizations such as universities and hospitals, said it would acquire asset manager Nuveen Investments for $6.25 billion, seeking to expand its mutual fund and municipal bond offerings. Lazard Ltd and J.P. Morgan Securities LLC advised TIAA-CREF.

  • *UK sells 7.8 pct stake in Lloyds Banking Group at 75.5 p/share. LONDON, March 26- The UK government has sold 4.2 billion pounds worth of shares in Lloyds Banking Group to cut its stake in the country's largest retail bank to under 25 percent and putting it on course for a complete exit in the next year.

  • HONG KONG, March 25- Every big bank in town wanted a piece of the Alibaba Group Holding Ltd initial public offering, set to be the biggest technology listing ever.

  • RLPC-Apcoa lenders to take control of company Thursday, 20 Mar 2014 | 1:23 PM ET

    LONDON, March 20- French private equity firm Eurazeo is set to lose control of Europe's biggest parking management firm Apcoa to a group of lenders led by U.S. investment firm Centerbridge.

  • AmEx clinches $900M travel joint venture deal Monday, 17 Mar 2014 | 4:49 PM ET
    American Express credit cards

    American Express said four financial investors have committed a total of $900 million to a business travel joint venture.

  • NEW YORK, March 17- American Express Co said on Monday that four financial investors have committed a total of $900 million to a business travel joint venture, in what would be the largest single investment ever made in a travel management company.

  • March 10- Minerals Technologies Inc said on Monday it would buy Amcol International Corp, which produces a type of clay used in everything from cosmetics to oil drilling, for about $1.7 billion as Imerys SA bowed out of a month-long bidding war.