Lazard CEO Bruce Wasserstein reportedly died unexpectedly at age 61. Read more on Wasserstein’s death below.
Bruce Wasserstein was hospitalized on Sunday for an irregular heartbeat but thought to be recovering.
Trading on Lazard shares was halted on Wednesday at 3:43 p.m.
Wasserstein’s sister, the Pulitzer Prize-winning playwright Wendy Wasserstein, also died suddenly back in 2006. She died of lymphoma at age 55 and Bruce was raising her daughter Lucy Jane, 10.
Bruce Wasserstein’s death has come as a shock.
“We’re shocked and saddened by the loss of Bruce Wasserstein. We extend our deepest sympathy to his family and friends and share in their grief,” the magazine’s editor, Adam Moss, said in a statement.
Back in the 1980’s Wasserstein became known for dealmaking and led the beginning of mergers and acquisitions.
Wasserstein has put together at least 1,000 deals worth a total of more than $250 billion, including Time’s merger with Warner Brothers.
Divorced three times, Bruce Wasserstein is survived by his fourth wife, Angela Chao and five children.
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