Lehman is looking for investors to buy some of its remaining assets

Lehman Brothers Holdings Inc after it bankruptcy in September 2008, now is looking at spinning off its remaining assets, according to Wall Street Journal’s unsourced article. 

As stated in article, the remaining assets include real-estate and private-equity holdings. The company now in search of those investors who are willing to think assets’ value will increase with US economy improvement.

As it was in the article, fair-market value of the assets according to Lehman’s internal calculations is about $45 billion. Saying about non-distressed prices, the value of the assets is $400 billion, again according to Lehman, said the article. Lehman still owes creditors some $200 billion, the paper said.

As Lehman executives toll the paper their plan was first to legally separate the asset-holding company from the bankruptcy estate by the beginning of 2010. And later they plan to sell the shares of the company to the public.

"This would be a bridge to a better time," said Bryan Marsal, Lehman's chief restructuring officer. "Today's market is an aberration. We don't think it will stay like this."