Lehman said in talks to sell $30 bln of mortgage assets
Aug.01, 2008 in
Market Outlook
LONDON (MarketWatch) — Lehman Brothers is engaged in talks with prospective
buyers about offloading some $30 billion in commercial mortgage assets and other
hard-to-value securities that have dogged its balance sheet for months, The New
York Post reported Friday without attribution. Merrill Lynch recently sold about
$30 billion in mortgage assets for 22 cents on the dollar to the Lone Star Funds.
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