If Lehman sells Neuberger, then LEH will be bought out

With a current market value of about $11 billion and Lehman's Neuberger piece valued somewhere in the neighborhood of $8 billion, then an asset sale would then leave the rest of the firm's pieces (investment banking, fixed income, and equity) sitting somewhere around $3 billion. And thats pocket change for a larger bank. In my opinion, a sale, in effect, would be the beginning of an end of the Lehman franchise.

Lehman to sell Neuberger? [Dealbreaker.com]

Lehman mulls sale of Neuberger [CNBC]

I suspect we should know within the next couple of weeks. This is a huge decision for LEH and playing the Neuberger card is like going "all-in" in a high stakes poker tournament. Let's just hope that they don't overplay their hand.