Lazards, the blue-blooded investment ban...

Mon, 27 Oct 2003

Lazards, the blue-blooded investment bank run by veteran dealmaker Bruce Wasserstein, is expected to emerge as the preferred bidder for 127-year-old City stockbroker Panmure. The bank is understood to have offered more than £50m for the business, beating off bids from corporate financiers Bridgewell, private client business Teather & Greenwood and a management team led by Panmure's chief executive Tim Linacre.