Neuberger Berman Executives Make Winning Bid For The Firm

Superstar reporter Michael De La Merced broke the Neuberger Berman story wide open this afternoon, revealing that an offer from forner Neuberger executives has won the context for the asset management arm of Lehman.

“Under terms of the winning bid, Neuberger’s management will spin off the unit as a stand-alone company, majority owned by its executives and employees. The Lehman estate would retain a significant portion of Neuberger, this person said,” De La reports.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at