MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, December 2, 2008 Deadline for Neuberger Bids Extended a Third Time The deadline for firms to turn in counterbids for Neuberger Berman had been pushed back yet again. The deadline went from noon on Monday, to 7:00 p.m. (see The MFWire, December 1, 2008), to 9:00 p.m., then to Tuesday at 2 a.m., Reuters reports. It was not clear whether there were any bids. Lehman in September unveiled a deal to sell the investment management unit to private equity firms Bain Capital and Hellman & Friedman for $2.15 billion. In October, a bankruptcy court set a deadline for other firms to turn in bids by noon on December 1. An auction is scheduled for December 3. Printed from: MFWire.com/story.asp?s=20033 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |