Hank Greenberg to proceed with Lehman investment

NEW YORK, June 12 (Reuters) - Billionaire investor Maurice "Hank" Greenberg, through a spokeswoman, on Thursday said he is buying shares in Lehman Brothers Holdings Inc LEH.N as planned, in the wake of the company saying it expected to post a $2.8 billion quarterly loss and announcing management changes.

Greenberg, who is making the investment through a firm he controls, has not specified exactly how many shares he is buying in Lehman, having characterized it as a "pretty good size stake." He decided to take the stake earlier this week, after Lehman announced plans to boost capital. (Reporting by Lilla Zuill, editing by Gerald E. McCormick)