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Lehman CEO in talks with Asian investors: report
(Reuters) - Lehman Brothers LEH.N CEO Dick Fuld has held talks with private-equity and foreign investors, including some from South Korea and other parts of Asia, about possibly raising more capital as he tries to offset a sale of $30 billion in hard-to-value mortgage assets, The New York Post said citing sources.
Working alongside newly installed President Bart McDade, Fuld has been chasing several strategies that center on figuring out the most feasible way to restore long-term confidence in the franchise without emerging from the current credit crisis as a shell of its former self.
A number of options are on the table, including selling Lehman's asset-management unit Neuberger Berman.
Several private-equity firms are said to have expressed an interest in acquiring a majority stake in Lehman's asset management business, but no formal sale of the unit has been launched, the Post said citing sources.
Lehman could not be reached for an immediate comment on the report.
(Reporting by Purwa Naveen Raman in Bangalore; Editing by Erica Billingham)
