{"id":8568,"date":"2008-09-09T00:00:00","date_gmt":"2008-09-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"blackstone-and-kkr-eye-lehman-assets","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2008\/blackstone-and-kkr-eye-lehman-assets.html","title":{"rendered":"Blackstone and KKR eye Lehman assets"},"content":{"rendered":"<p>Reuters &#8211; Blackstone and Kohlberg Kravis Roberts &amp; Co are each looking to buy parts of Lehman&#8217;s real estate and asset management units, sources familiar with the situation said on Friday, sparking a broad rebound in financial stocks.       <\/p>\n<p>The real estate unit of Lehman Brothers Holdings Inc, which includes property and some asset-backed securities, could be worth about $5 billion (2.8 billion pounds), the sources said.<\/p>\n<p>Lehman shares jumped 5.3 percent after the Reuters report. That helped lift the S&amp;P financial index , which had slipped earlier on Friday, by 1.8 percent.<\/p>\n<p>&quot;Lehman has been so shredded in terms of confidence that anything like this is something that can ignite a upward movement at any point,&quot; said Michael Holland, founder of money manager Holland &amp; Co LLC.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"1\" border=\"0\" width=\"1\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/386515063\" \/><br \/>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/386515063\/idUKARO83280420080908\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Blackstone and Kohlberg Kravis Roberts &amp; Co are each looking to buy parts of Lehman&#8217;s real estate and asset management units, sources familiar with the situation said on Friday, sparking a broad rebound in financial stocks. The real [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1755,508,284,2589,1481,115,96,1517,785,441,1516,1858,2590,1634],"class_list":["post-8568","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-ameriprise","tag-bad-news","tag-best-performance","tag-commodities-management","tag-halo","tag-indefinite-period","tag-lehman-brothers-holdings","tag-lehman-brothers-holdings-inc","tag-mccabe","tag-peloton-partners","tag-sailfish-capital-partners-llc","tag-senior-executives","tag-tax-authorities","tag-wire-fraud"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8568"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8568\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}