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Wednesday, May 25, 2011

Market Corporate Finance Digest, (NYSE: LAZ), (DGE)

The following corporate finance-related stories were reported on Wednesday: * The Dutch Finance Ministry hired investment bank Lazard (LAZ.N) to prepare the stock market listing of insurer ASR, estimated to be worth about 4 billion euros ($5.6 billion), a Dutch newspaper reported. * Zynga Inc may file for a multibillion-dollar IPO as early as this week, tech blog AllThingsDigital reported, as the maker of the Farmville and Mafia Wars games for Facebook heads toward a long-awaited market debut. * Diageo Plc (DGE.L), the maker of Johnnie Walker scotch and Smirnoff vodka, is in talks to purchase tequila brand Jose Cuervo for more than $2 billion, Bloomberg reported.

Lazard Limited (Lazard) is a financial advisory and asset management Company. Shares of LAZ remained unchanged at $37.57. In the past year, the shares have traded as low as $25.70 and as high as $46.54. On average, 755537 shares of LAZ exchange hands on a given day and today's volume is recorded at 0.



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