Lehman to spin off its assets

“Lehman Brothers Holdings Inc is taking steps to spin off the Wall Street firm’s remaining assets — a collection of battered real-estate and private-equity holdings — to investors willing to bet the value will rise as the economy recovers,” the WSJ has reported.

The daily said that internal Lehman calculations have pegged their fair-market value at about $45 billion. “Lehman values the assets at $400 billion at non distressed prices, including $300 billion in the servicing of assets,” reports WSJ.