UPDATE: Lehman to Auction Off VC Unit

Schachter, Ken
September 2008
Red Herring;9/10/2008, p9
Trade Publication
The article unveils the plan of Lehman Brothers to sell its $1 billion venture capital unit in an effort to increase its balance sheet and keep the firm afloat. According to industry sources, Lehman plans to include the venture capital unit in an auction of 55 percent of its wealth management and leveraged-buyout businesses. In related news, Lehman also plans to sell its British mortgages and spin off its commercial real estate holdings.


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