July 21, 2003

Lehman, Neuberger Still Negotiating

NEW YORK (HedgeWorld.com)--Lehman Brothers Holdings Inc. and Neuberger Berman Inc. said that discussions to combine the two firms were continuing positively.

Without assuring that a deal would be struck, Lehman and Neuberger executives "expect that final terms will be worked out" soon, according to a joint statement from the two firms. The negotiations between the two firms were first reported late in June.

In December, Neuberger announced it had purchased the hedge fund firm LibertyView Capital Management Inc.*, Hoboken, N.J., Previous HedgeWorld Story.

*Three of LibertyView Capital Management Inc.'s hedge funds are listed in HedgeWorld Markets, administered in the U.S.A by HedgeWorld Markets USA Inc., (Member NASD/SIPC) an affiliate of HedgeWorld Ltd.

SBarreto@HedgeWorld.com

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