MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, September 29, 2008 Will Neuberger Finally be Sold this Week? The sale process for Lehman Brothers' investment management unit, home of Neuberger Berman, is still chugging along. The Wall Street Journal reports that joint bidders Bain Capital and Hellman & Friedman were pushing to finalize the deal on Sunday night. Still holding up the transaction are the negotiations with Neuberger 's portfolio managers which a source described to the Journal as like "herding cats." The pub added that the situation is still fragile and could fall apart. Retuers also gave an update on the deal and said that a deal could come as early as Monday. Printed from: MFWire.com/story.asp?s=19474 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |