DLJ's Pershing Division and institutional equities businesses benefited from these favorable market conditions. According to Securities Data Co., DLJ ranked as the third most active underwriter of common stocks and convertible bonds for the first quarter of 1998. According to Securities Data Co.'s analysis of U.S. and international merger assignments announced during the first quarter, DLJ's market share nearly doubled to rank the firm seventh in both categories. DLJ typically realizes investment gains only upon the strategic sale or public offering of a portfolio company. Founded in 1959 and headquartered in New York City, DLJ employs approximately 7,400 people worldwide and maintains offices in 14 cities in the United States and 10 cities in Europe, Latin America and Asia.
Financial statements follow.
The split is subject to shareholder approval of an increase in the number of authorized common shares from 150 million to 300 million at the Company's annual meeting on April 22, 1998. All share and per share amounts will be restated upon approval of the shareholders. All rights reserved. For Privacy Policy please click here.