Investment bank Lazard Ltd. is in talks to sell off its U.S. brokerage business -- Lazard Capital Markets -- to Natixis' Bleichroeder, according to a report in Friday's Les Echos, a French business newspaper.
Sources say the two companies initiated negotiations over the past year, and that a deal could be finalized by the end of 2007.
Sources: MarketWatch,
Commentary: Lazard Shares Fall on Insider Sales • Lazard Shares Jump Nearly 4% on Beat Quarter
Stocks/ETFs to watch: LAZ. Competitors: GS, MER, MS. ETFs: IAI, VFH
Related: Lazard Capital Markets website
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