Barclays plc has
confirmed the interest in Lehman's U.S. broker-dealer unit.
Lehman's bankruptcy filing is expected to have a muted effect on the auctions
its broker-dealer unit is running, at least for the short term, according to The Deal.
According to
The Wall Street Journal, Barclays is likely announce it is going to purchase
Lehman's U.S. broker-dealer unit for $2 billion within the next several hours.
Barclays has reached a deal, according to the
Financial Times, and the discussions also included Lehman's European and Asian investment banking divisions and not Neuberger Berman LLC.
Lehman Brothers has also been soliciting bids for Neuberger Berman. So far it has received
two bids
for its asset management unit from
private equity firms including Bain Capital LLC and Clayton Dubilier
& Rice Inc., according to Bloomberg. Kohlberg Kravis Roberts & Co., Hellman &
Friedman and CVC Capital Partners are also expected to bid for the
unit. The division is expected to fetch
around $5 billion.
All of these reports are being discussed on Google and Yahoo!'s discussion boards. Here's a preview.
If you would like to join in the conversation, leave a comment below or join our conversation on
Linkedin or
Facebook.
- Maria Woehr
Also see:
Barclays still hangs around Lehman Lehman-run auctions: New clients may bail
Lehman Brothers Holdings Inc.'s historic bankruptcy filing has potentially huge repercussions. However, unlike Bear Stearns Cos., which sold to J.P. Morgan Chase & Co. earlier this year, Lehman has assets to sell. Here are the latest rumors surrounding the sales of Lehman's assets.
