Tousa hires Lazard to examine capital structure

By Susanna Moon

Chicago, Oct. 8 - Tousa, Inc. said it retained Lazard Freres & Co. LLC to conduct a comprehensive review of its capital structure and to assist the company in executing its asset management strategy.

"We continue to execute on our previously announced asset management initiatives and remain focused on our financial strategy of generating cash, reducing cash outflows and decreasing our leverage," Antonio B. Mon, Tousa's president and chief executive officer, said in a press release.

"By retaining Lazard, we are broadening our perspectives on our asset management initiatives as well as examining our capital structure for a longer-term solution to enhance Tousa's value for its stakeholders," Mon said.

Tousa, formerly Technical Olympic USA, Inc., is a homebuilder based in Hollywood, Fla.

Lazard Freres is a financial advisory and asset management firm.

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