Thursday, July 12, 2007

UPDATE 1-Lazard shares, options jump on takeover talk

(Reuters) - Lazard shares were up $2.08, or 4.5 percent, at $47.97 in
afternoon trading on the New York Stock Exchange. By
comparison, the broader S&P 500 Index was up 1.1 percent.




Investors scooped up options allowing them to profit from
an increase in Lazard's share price. Particularly active were
the calls granting the right to buy Lazard shares at $55 each
by July 20.


Read more at Reuters.com Bonds News

No comments: