Wednesday, June 20, 2007

Lehman to raise $500 mln for buyout firm fund IPO

(Reuters) - Lehman Brothers Private Equity Partners Ltd. plans to issue a single class of U.S.-dollar-denominated shares at $10 each on Euronext Amsterdam. Conditional dealing is expected to start July 18 and unconditional dealings July 25.




The parent company will be the largest single investor by subscribing to $100 million of shares, which will be subject to a three-year lock-up.


Read more at Reuters.com Business News

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