Man Group acquires Lehman exposures from GLG for $355m

Thu Jul 21, 2011

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Man Group has acquired, at current net asset value, all exposure to the Lehman estates from funds managed by subsidiary GLG Partners. To do so, Man has entered into a series of transactions worth a total consideration of $355 million, payable in cash.

Man acquired GLG last year, paying $1.7 billion to take full...

ISSN: 2151-1845 / CDC10004H

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