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.

Lehman sale approved
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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CourtsBusinessLehman Bros bankruptcyPlace: USPlace: BritainPlace: JapanPerson: James) PeckPerson: NeubergerPerson: Randy WhitestonePerson: James PeckOrganisation: LehmanOrganisation: Lehman Brothers Holdings’Organisation: Neuberger BermanOrganisation: Neuberger Investment ManagementOrganisation: Bain Capital PartnersOrganisation: HellmanOrganisation: FriedmanOrganisation: Crossmark Investment AdvisersOrganisation: BainOrganisation: CrossmarkOrganisation: Barclays CapitalOrganisation: Nomura HoldingsOrganisation: Barclays PLCOrganisation: Barclays
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