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Article: United States: Lehman in talks to sell real estate assets.
- Article from:
- TendersInfo
- Article date:
- August 14, 2008
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Byline: shiv03
Lehman Brothers Holdings Inc is looking to sell about $14 billion of commercial real estate assets, and BlackRock Inc is among the companies eyeing the assets, Bloomberg reported on Wednesday.
Lehman, reeling from the credit crunch, is looking to sell assets by the end of the year, Bloomberg reported, citing potential buyers approached by the investment bank.
Any sale would follow Merrill Lynch & Co Incs (MER.N: Quote, Profile, Research, Stock Buzz) announcement last month that it agreed to sell $30.6 billion of repackaged debt known as collateralized debt obligations for about 22 cents on the dollar.
Wall Street firms ...