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Lazard Announces Results of Cash Tender Offer of Lazard Group LLC

1. Lazard's cash tender offer for its 3.625% Senior Notes has expired. 2. This could influence LAZ's capital structure and future liquidity.

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FAQ

Why Neutral?

Lazard's tender offer demonstrates effective capital management but does not indicate immediate growth or risk factors. Historically, similar announcements have led to stable prices without significant movement.

How important is it?

The tender offer's expiration is an operational update; significant but not transformative for LAZ's valuation.

Why Short Term?

The expiration of the tender offer reflects immediate liquidity impacts with less relevance on long-term performance.

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BLKJPMGS
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today the expiration and final results of the previously announced cash tender offer (the “Tender Offer”) of its subsidiary Lazard Group LLC (“Lazard Group”) for any and all of its outstanding 3.625% Senior Notes due March 1, 2027 (the “Notes”). The Tender Offer expired at 5:00 p.m. (New York City time) on August 1, 2025 (the “Expiration Time”). The terms and conditions of the Tender Offer were described by Lazard Group in an Offer t.

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