The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:More Details Emerge on Lehman Asset Sale Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, September 11, 2008

More Details Emerge on Lehman Asset Sale

by: Armie Margaret Lee

Lehman Brothers hopes to announce a sale of a majority stake in a chunk of its investment management business, including Neuberger Berman, next month, with the bids due on Friday, Reuters reports.

In the Wall Street Journal's Deal Journal blog, Heidi Moore lists some banks that are expected to provide financing for private-equity bidders. These banks include Goldman Sachs Group, J.P. Morgan Chase, Credit Suisse Group and Bank of America.

President Bush's second cousin George Walker, currently at the helm of the investment management unit, is expected to spearhead the new company, Moore writes.

Private equity firms said to be in the running include Kohlberg Kravis Roberts, Hellman & Friedman and Bain Capital (see The MFWire, September 4, 2008). 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use