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[QUOTE]Originally posted by cashmakers: [QB] Big news for LAZ. Another 10.71% stake by Jennison Associates. Reports 10.71% Stake In Lazard 131 words 8 July 2005 03:19 pm Dow Jones International News English (c) 2005 Dow Jones & Company, Inc. WASHINGTON (Dow Jones)--Jennison Associates LLC reported a 10.71% stake in Lazard Ltd. (LAZ), according to a Schedule 13G filed Friday with the Securities and Exchange Commission. Jennison Associates, an investment adviser to several investment companies, insurance accounts and institutional clients, beneficially owns about 4 million Lazard common shares, the filing said. Prudential Financial Inc. (PRU) indirectly owns 100% of the equity interests of Jennison, so Prudential may also be deemed to beneficially own these Lazard's shares, the filing said. Jennison Associates reported its stake on a form designated for passive investors, those not seeking to change or influence a company's operations. -By Denise Jia, Dow Jones Newswires; 202-862-1359; denise.jia@dowjones.com [ 08-07-05 2022GMT ] Document DJI0000020050708e178001hu So Far, JP Morgan 15%, BOA 15% Prudential 10.71%. These major holder are Banks and Insurance companies, they have their good reason to require so much stake into LAZARD, they know exactly what LAZ's future is. LAZ still under IPO, go buy. http://www.sec.gov/Archives/edgar/data/1311370/000005341705000077/0000053417-05-000077-index.htm [/QB][/QUOTE]
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