• Most Popular
  • Most Shared

Lehman mulls sale of Neuberger: report

Fri Jul 25, 2008 6:05am EDT
The exterior of the world headquarters for Lehman Brothers is seen in New York June 4, 2008. REUTERS/Brendan McDermid

(Reuters) - Officials at Lehman Brothers Holding Inc LEH.N have considered selling at least part of its Neuberger Berman asset management unit, CNBC said citing sources.

Deals  |  Stocks  |  Mergers & Acquisitions  |  Bonds  |  Funds News  |  ETFs News

If Lehman sold the entire unit, the deal could fetch around $8 billion, the sources told the channel.

(Reporting by Ajay Kamalakaran; Editing by Greg Mahlich)



More from Reuters

Afghan insurgents kill CIA agents, Canadians

KABUL (Reuters) - Insurgents intensified their campaign against military targets and U.S.-led forces in Afghanistan, killing eight U.S. CIA agents at a base and four Canadian servicemen on patrol and a journalist accompanying them.

A security camera sits on a building in New York City March 6, 2008. REUTERS/Joshua Lott

Trial run in Times Square

Critics say the Sept. 11 trials will endanger America's most populated city. Will a New Year's Eve plan hold up as New York's security template?  Full Article 

People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article