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Archive Home > 2008 > December > 04 > Group wins auction to buy Neuberger

Group wins auction to buy Neuberger


December 4, 2008

NEW YORK — A group of managers and employees has won an auction to buy Lehman Brothers Holdings’ prized investment management unit, which includes the Neuberger Berman money management business. The bid by the Neuberger Berman group beat out two other competing bidders, one....

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