Skip to main content

More Bidders For Neuberger Berman

  • Author:
  • Updated:

Reuters reports that two more bidders have added themselves to the mix re: Lehman Brothers' auction of its investment management business, in addition to Bain Capital LLC and Hellman & Friedman LLC. But they won't tell us who, the bastards. Guesses? The bidding was reopened in October after Carlyle and former Neuberger Berman CEO Jeffrey Lane convinced a judge that Bain and Hellman's $2.15 billion bid was unacceptable for what was once regarded as Lehman's family jewels and estimated at being worth nearly $8 billion.
Earlier: Carlyle Takes Issue With Neuberger Lowball