Lehman Brothers Financial SA (LEHNQ)

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AI Overview


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Lazard Inc was hired by Lehman Brothers to sell Lamco Holdings LLC, their real estate unit. The sale was not explicitly mentioned, but Lazard was hired to sell it, and Lehman Brothers would pay them a fee for their services.
Explanation:
In 2010, Lehman Brothers, which was undergoing bankruptcy, hired Lazard Inc to advise on the sale of its Lamco asset management unit.
Lazard was hired for a fee, including a base payment of $1.3 million and a monthly fee of $150,000.
👉️While the sale was confirmed, the specific details of the buyer are not explicitly mentioned in the provided search results.