Lehman Brothers (LEH) Weighing Sale of Neuberger Berman - CNBC
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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.
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