Lehman Brothers Financial SA (LEHNQ)

[jwnoble3]

Questions in my mind...is LAMCO really worth $400B at non-distressed prices and will shareholders own part of it?

Lehman Plans LAMCO Spinoff
May 14, 2009
Lehman Brothers is planning to spin off its remaining assets which include real-estate and private-equity holdings, The Wall Street Journal reports. Legacy Asset Management Company (LAMCO) has a fair-market value of around $45 billion.

Lehman values the assets of LAMCO at $400 billion at non-distressed prices including the servicing of assets worth $300 billion. The unit is in charge of corporate-bank debt and risky consumer mortgages, Miami condos and New York apartment complexes.

http://www.institutionalinvestor.com/Article/2202948/Lehman-Plans-LAMCO-Spinoff.html