Lehman Brothers Holdings Inc., seeking to restore investor confidence after a $2.8 billion second-quarter loss, is negotiating to sell commercial real estate assets to a group including BlackRock Inc., said three people briefed on the discussions.
Lehman is seeking to sell about $14 billion of its $40 billion in commercial property and related securities by the end of the year, according to two potential buyers approached by the New York- based firm.
Wednesday, August 13, 2008
Lehman Seeking to Sell $14B Commercial Real Estate Assets
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5 comments:
I think due to loss they are selling their real estate assets.
They bear a lot amount of loss,so they plan to avoid further loss to sell the whole assets of real estate.
The have suffer a lot of loss so now they are planning to avoid further losses and sell the assets.
Hi
I think this time is so bad time for them because they bear a bug loss in this business.
Hi
There are so big loss in their business and I think they are so sad after this loss.
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