The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Report: Carlyle Passes on Neuberger Again Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, December 02, 2008

Report: Carlyle Passes on Neuberger Again

by: Neil Anderson, Managing Editor

Has Carlyle Group given up on buying Neuberger Berman? Bloomberg's Jason Kelly and Jonathan Keethner report that, according to two sources, the private equity giant has "decided not to bid" for the asset manager owned by bankrupt Lehman Brothers. That could make the offer from Bain Capital and Hellman & Friedman the only one left on the table.

Of course, this is not the first time reports have claimed that Carlyle is out of the bidding entirely. In August The New York Times and the British Telegraph both named Carlyle as one of several private equity bidders for Neuberger (see MFWire, August 19, 2008 and August 26, 2008), only to have the Financial Times take Carlyle out of that list before the end of the month (see MFWire, August 27, 2008). By October, though, Carlyle appeared to be back, as it filed a motion alongside ex-Neuberger CEO Jeffrey Lane claiming that Bain and Hellman's bid was too low (see MFWire, October 15, 2008). Meanwhile, the bidding deadline of Monday at noon as reportedly pushed back several times (see MFWire, December 2, 2008). 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use