Lazard Freres for GM IPO
The Treasury Department has chosen Lazard Freres & Co. to be its advisor on the planned IPO (IPO news) of General Motors (General Motors news). The agreement says that Lazard Freres will get $500,000 a month over the next year. If no IPO takes place during this time, Lazard Freres will get $250,000 a month until the sale is completed. Greenhill & Co. and Perella Weinberg Partners were also in the running for what will likely be a major deal. Article
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