1.78%XLF 20.53 6.48%QQQQ 45.97 2.38%
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NEW YORK (AP) - Lazard Ltd., a financial advisory and investment management firm, said Tuesday its board of directors approved an additional share repurchase plan of $100 million.
| LAZ | 33.09 |  -0.02 |
Based on Monday's closing price of $37.57, Lazard will be able to repurchase about 2.7 million shares of common stock. Lazard had about 51.7 million shares of stock outstanding as of Oct. 31.
Lazard has $32 million still available under a previously approved plan. The new authorization expires on June 30, 2009.
Shares of Lazard fell 70 cents to $36.87 in morning trading.
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