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SBD Global/September 26, 2017/Finance

Lehman Brothers Creditors To Enjoy $1.5B Payout From Sale Of Formula 1

Creditors of Lehman Brothers "are on track for a turbocharged windfall" after the collapsed bank announced it is selling its stake in NASDAQ-listed Formula 1, giving it a payout of $1.5B from a $300M investment, according to Christian Sylt for the London GUARDIAN. The offering "also brings...

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