It looks like the price tag for Neuberger is over $1 billion, and the transaction is entirely in stock. Bloomberg's Linda Sandler and Serena Saitto report that Neuberger employees will pay $813.8 million in new preferred shares, plus 49 percent of Neuberger's common stock, to own the other 51 percent.

The final sale of beleagured Lehman Brothers asset manager came to light last week after private equity firms Bain Capital and Hellman & Friedman reportedly walked away from the deal, though not without some money of their own (see MFWire, December 3, 2008, December 4, 2008 and December 5, 2008). 

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