MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, August 28, 2003 Neuberger Delays Shareholder Vote Shareholder approval of Neuberger Berman's sales to Lehman Brothers may not come as quickly as was first thought. The asset management form has delayed the shareholder vote on the $2.63 billion deal in order to meet regulatory requirements. The firm had scheduled a special shareholding meeting for the vote for September 26. However, it was unable to complete required work, including its proxy statement and prospectus in time for that date. The firm did not provide a new date for the meeting. Despite the delay in the vote, the two firms still expect the deal to be close before the end of Lehman Brothers' fourth fiscal quarter. Printed from: MFWire.com/story.asp?s=5734 Copyright 2003, InvestmentWires, Inc. All Rights Reserved |