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| 2009 | LEHMAN ABS CORP : Lehman default shows need for communication: CESR | RE |
| 2009 | LEHMAN ABS CORP : NJ sues Lehman execs for fraud to recoup state funds | RE |
NEW YORK (Reuters) - Lehman Brothers Holdings Inc has received three bids for its investment management unit, including Neuberger Berman, Shai Waisman, a bankruptcy lawyer for the company, said on Wednesday.
The auction for Lehman's prized asset management unit begins at noon on Wednesday, Waisman said.
In comments to reporters after a court hearing, Waisman said there were two bidders in addition to Bain Capital LLC and Hellman & Friedman LLC, which agreed on September 29 to buy the unit for $2.15 billion. The Bain and Hellman group was previously approved by the court to be the lead bidder at the auction.
(Reporting by Emily Chasan; Editing by Lisa Von Ahn)
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