The New York Times
Wednesday, December 3, 2008 -- 4:24 PM ET
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Management Wins Neuberger Berman Auction
Management and senior employees of Lehman Brothers's
Neuberger Berman unit were selected as the winning bidder of
the money manager after an all-day auction, a person briefed
on the matter told DealBook.
The bid by the Neuberger Berman team trumped a previous bid
by two private equity firms, Bain Capital and Hellman &
Friedman, in part because it offered more certainty, this
person said. A third bidder had also emerged, for only
certain Neuberger assets.
Read More:
http://dealbook.blogs.nytimes.com/2008/12/03/management-wins-neuberger-berman-auction/?emc=da
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