The sale earlier this week of 51 percent of Neuberger Berman to the firm's management continues to gain media attention. In Friday's Wall Street Journal "Fund Track" column, Diya Gullapalli provides another glimpse at how Neuberger got where it was. Gullapalli also reveals that losing bidders Bain Capital Partners and Hellman & Friedman get a $50 million 'breakup fee' and $17 million for expenses.

Lehman Brothers' partial sale of Neuberger came to light on Wednesday (see MFWire, December 3, 2008), and yesterday the Journal reported that the freshly spun-off money manager will be led by George Walker (see MFWire, December 4, 2008). 

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