Firms coveting Neuberger Berman
have a bit of extra time to submit their
bids for Lehman Brothers'
investment management unit. The bankruptcy court extended the deadline for counterbids from noon to 7:00 p.m. Monday,
It appears that no rival bid emerged as of early afternoon, according to the Daily
In late September, Lehman unveiled a deal to sell the investment management unit to private equity firms Bain Capital
and Hellman & Friedman
for $2.15 billion.
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