Replies to post #107942 on Lehman Brothers Financial SA (LEHNQ)

[joyceschoice]

4Duxs - Don't know if this is helpful to your question but it is a reminder. This last paragraph in particular.

On September 22, 2008, Nomura Holdings announced that it had agreed to acquire Lehman Brothers' franchise in the Asia Pacific region, including Japan, Hong Kong and Australia.[26] The following day, Nomura announced its intention to acquire Lehman Brothers' investment banking and equities businesses in Europe and the Middle East. The deal became effective on Monday, 13 October.[27] In 2007, non-U.S. subsidiaries of Lehman Brothers were responsible for over 50% of global revenue produced.[28] In October 2008 Japanese financial services company Nomura Holdings stepped in and acquired three Mumbai, India based divisions of Lehman Brothers that provided back office and IT operations. Nomura also acquired the Asia Pacific division of Lehman Brothers as the US banking giant was carved up by rivals. [29] Lehman Brothers' Investment Management business, including Neuberger Berman, was sold to its management on December 3, 2008. Creditors of Lehman Brothers Holdings Inc. retain a 49% common equity interest in the firm, now known as Neuberger Investment Management.[30]


https://www.sourcewatch.org/index.php/Lehman_Brothers

https://www.nb.com/en/global/home

Not sure if this has been updated or if any of this has changed since 2009. If the 49% LBHI equity interest is still true then that would be encouraging. If anyone knows anything for sure chime in.

Update: Looks like it was sold in 2011. https://www.reuters.com/article/idINIndia-60430020111110 There's just too many moving parts to remember. My apologies.

[toogoodfella]

RE: TooGood or anybody..

—-//—-//—

The only thing I know is it’s the affiliates both in Asia and Europe.