PwC has cropped the shortlist of buyers for the solvent parts of Lehman
Brothers European business down to a single bidder.
PwC chose the unnamed bidder because it made assurances it was looking to
take on more staff, which could meaning some Lehman’s employees keeping their
A number of suitors were thought to have made advances, but PwC has now said
that only one party was still in the frame.
Joint administrator Dan Schwarzmann said: ‘We have now focused on one party
as they are interested in acquiring a wider team, which should result in a
better deal for staff and creditors of these businesses. Given the complexity of
Lehman Brothers, these negotiations are difficult, but I’m hoping to give
certainty to all involved as soon as possible.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK