secwatch.observer — SEC 8-K summary
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Issuer:     Lazard, Inc. (LAZ)
CIK:        0001311370
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001628280-26-029365
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 3.02, 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lazard to acquire Campbell Lutyens for up to $660M; creates private capital advisory leader
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- Total consideration: $460M initial (mostly stock at $46.50/share), $115M deferred, plus $85M earn-out.
- Initial consideration primarily in LAZ common stock; up to 19.99% of outstanding shares issuable.
- Restricted portion of initial consideration subject to three-year lock-up; earn-out shares unrestricted.
- Termination fee of $50M payable by Lazard if CMA condition fails; closing targeted by March 31, 2027.
- Campbell Lutyens is a global private capital advisor focused on fund placement, secondary advisory and GP capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1311370/000162828026029365/0001628280-26-029365-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1311370/000162828026029365/laz-20260430.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-029365

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer