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Lester Osterman, 88; Theater Producer Won Three Tony Awards

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From Times Wire Reports

Lester Osterman, 88, a Broadway theater producer, theater owner and three-time Tony Award winner, died Tuesday in a hospital in Norwalk, Conn. The cause of death was not announced.

A native of Brooklyn, N.Y., Osterman was a successful Wall Street broker who began producing theater in his early 40s. He made his Broadway debut in 1956 as an investor in “Mr. Wonderful,” a hit comedy with Sammy Davis Jr.

He went on to win Tony Awards for “Da,” “The Shadow Box” and “A Moon for the Misbegotten.”

Over the course of his career, Osterman was involved in about 75 Broadway productions. At various times he owned or operated several Broadway theaters, including the Eugene O’Neill, the Richard Rodgers and the Alvin (now known as the Neil Simon).

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Osterman’s partner for many of his Broadway ventures was producer Richard Horner, who died in December at the age of 82.

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