Carlyle Takes Issue With Neuberger Lowball

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Carlyle and former Neuberger Berman CEO Jeffrey Lane filed an objection today to the absurdly low price ($2.15 billion) Bain Capital and Hellman & Friedman agreed to acquire the Lehman Brothers family jewels for last month. According to Carlyle, the price was down right insulting, and "violates Lehman's obligation to maximize the value of its asset sales to pay off its creditors," in addition to Dick Fuld's bookies.
Carlyle, Lane to Launch Bid for Neuberger [WSJ]

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