Lebanon will invite eight firms to bid to be financial adviser -source [Reuters (UK)]
Moelis & Company Class A (MC)
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Source: Reuters
Lebanon will invite eight firms to bid to be financial adviser -source - Reuters 1 Min Read BEIRUT, Feb 19 (Reuters) - Lebanon will invite eight firms to bid to be its financial adviser as it studies all options on its sovereign debt, a source familiar with the matter said on Wednesday. The invitation for bids does not “mean Lebanon decided on restructuring but it means Lebanon is studying all options and subsequent repercussions”. Grappling with a major financial crisis, Lebanon has a $1.2 billion Eurobond due on March 9. The source identified the firms as Moelis & Company, Rothschild & Co, Guggenheim Partners, Citibank, Lazard, JP Morgan, PJT Partners and Houlihan Lokey. (Writing by Tom Perry; editing by John Stonestreet) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2020 Reuters. All Rights Reserved.
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- Moelis & Company (NYSE: MC) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $86.00 price target on the stock, up previously from $71.00.MarketBeat
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MC
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- 10/23/24 - Beat
MC
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- 12/4/24 - Form 4
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- 12/4/24 - Form 4
- MC's page on the SEC website