Lehman Brothers (LEH) Weighing Sale of Neuberger Berman - CNBC
Reports from CNBC's Charlie Gasparino, embattled investment bank Lehman Brothers (NYSE: LEH) is weighing the sale of at least part of their prized asset management unit, Neuberger Berman.
Gasparino said a sale of the entire unit could fetch around $8 billion.
Gasparino said one problem with the sale could come from rating agencies. Gasparino said recently Merrill Lynch had second thoughts about selling its stake in asset management firm BlackRock (NYSE: BLK) after rating agencies voiced concerns. Merrill decided against selling any of the stake.
Gasparino said a sale of the entire unit could fetch around $8 billion.
Gasparino said one problem with the sale could come from rating agencies. Gasparino said recently Merrill Lynch had second thoughts about selling its stake in asset management firm BlackRock (NYSE: BLK) after rating agencies voiced concerns. Merrill decided against selling any of the stake.
You May Also Be Interested In
- Deterministic AI Could Become the Missing Layer in the $2 Trillion AI Revolution
- Firms Partner With Nvidia On $500B AI Financing Deal - FT
- SAIC adds two directors with finance and aviation backgrounds
Create E-mail Alert Related Categories
Insiders' Blog, RumorsRelated Entities
Charles Gasparino, Lehman BrothersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share