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

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

Rating:Is Neuberger Still For Sale? Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 12, 2008

Is Neuberger Still For Sale?

by: Neil Anderson, Managing Editor

The Neuberger Berman saga continues, with Dow Jones' Marietta Cauchi reporting that Lehman Brothers is still taking bids for 55 percent of its asset management arm (which includes Neuberger), even as names like Bank of America, J.C. Flowers and the Chinese sovereign wealth fund pop up as possible joint-buyers of all of Lehman. If a complete Lehman sale is really in the works, would a Neuberger-centric deal be put on hold first?

Sources told Cauchi that there are five bidders for Neuberger so far, in advance of Friday's deadline, including some private equity firm bidders who may look familiar to fundsters: Bain Capital, Clayto Dubilier & Rice, Hellman & Friedman and Kohlberg Kravis Roberts (see MFWire, September 4, 2008). And on Thursday fund industry consultant Burt Greenwald told Dow Jones that Goldman Sachs and Putnam might make sense as buyers, too (see MFWire, September 12, 2008). 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q3Q2Q1
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. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use