Summary
NEW YORK (Reuters) - The deadline for potential counterbids for Lehman Brothers Holdings Inc.'s Neuberger asset management arm was extended to 7 p.m. ET from noon on Monday [Dec. 1] , according to a court filing.
Sale of the unit to Bain Capital LLC and Hellman & Friedman LLC was agreed to on Sept. 29 for $2.15 billion, two weeks after Lehman Brothers Holdings filed for bankruptcy protection.See the full content of this document
Extract
Deadline Extended for Rival Neuberger Bids
A bankruptcy court in October set a deadline for other parties to submit bids by Dec. 1 at noon New York time, and scheduled an au...
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