Lehman sale approved

A US bankruptcy judge approved the sale of Lehman Brothers Holdings’ prized investment management unit to a group of managers and employees.

Tue, 23 Dec, 2008 - 07:09

A US bankruptcy judge approved the sale of Lehman Brothers Holdings’ prized investment management unit to a group of managers and employees.

The sale was worth $920m (€658m) to the Lehman bankruptcy estate, a Lehman lawyer said. It includes the Neuberger Berman money management business.

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