Word: lazard
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...Felix the Fixer done it again? No one can yet say for sure, not even Felix G. Rohatyn, the 46-year-old Austrian-born partner in the New York investment-banking firm of Lazard Frères & Co. But Rohatyn has at least got the machinery started for a complicated and inventive deal between Textron Inc. and Lockheed Aircraft Corp. that will add new luster to Lazard Frères' reputation as masters of the art of rescuing faltering corporate giants by arranging mergers, reorganizations or financial aid. Says one Rohatyn admirer in the treasurer's office...
...disinterested third party a block of Hartford stock that the company had bought before the merger agreement. ITT sold them to an Italian organization, Mediobanca, under an agreement approved by the IRS. It has since developed that a then-secret agreement between ITT's investment bank, Lazard Freres and Co., and Mediobanca modified the terms of the contract. A former Securities and Exchange official has testified that in his opinion, no legitimate sale ever took place...
...FRED ASTAIRE AND GINGER ROGERS BOOK by ARLENE CROCE 191 pages. Outerbridge & Lazard...
PORTRAITS FROM NORTH AMERICAN INDIAN LIFE by Edward S. Curtis. Introduction by A.D. Coleman and T.C. McLuhan. 176 pages. Outerbridge & Lazard. $25. When the first two volumes of Edward Sheriff Curtis' The North American Indian were published in 1907-8, the New York Herald called it "the most gigantic undertaking in the making of books since the King James edition of the Bible." Before he was through Curtis had completed 20 volumes of text bound with 1,500 small photographs and 20 unbound portfolios. The price was $3,000. At $25, this selection of about 10% of the Curtis...
...have moved into the wine business during the past few years. Food-processing companies are heeding the ancient Roman proverb, "A meal without wine is like a day without sunshine": Pillsbury Co., Nestlé and the R.T. French & Co. of mustard fame have recently become vineyard owners. So have Lazard Frères, the Wall Street investment-banking firm; John Hancock, the insurer; and Southdown Inc., the Houston-based conglomerate. Takeover-ripe wineries have become rare, and the bids for them are enormous. The Gallo brothers have spurned an offer from Seagrams of reportedly $150 to $200 million...