Lehman Brothers (LEH), which is currently fighting for its survival, has on Friday (09/12/08) evening, reportedly received an offer for its asset management division from private equity firms Clayton Dubilier & Rice and Bain Capital. Lehman’s (LEH) asset management division encompasses Neuberger Berman and Lehman Brothers Asset Management.

According to the Lehman Brothers website, Neuberger Berman provides money management for individuals and families, while Lehman Brothers Asset Management specializes in investment strategies for institutional and qualified individual investors.

In a bid to raise capital and keep the firm going, Lehman Brothers was looking to sell the asset management division, while retaining the company, or seek outside investors who’d take a stake in the company and infuse capital into the company. Korea Development Bank was interested, but they could not agree on a price with Lehman and they faced opposition from the Korean financial regulators.

The stock, which had managed to stay above

Well, they finally got it done, almost..

The Home Depot (HD) Supply unit sold for $8.5 billion, about $2 billion less than the originally agreed-upon $10.3 billion price tag, as the acquisition coincided with the eruption of turmoil in the U.S. credit market. Private-equity firms Bain Capital, Carlyle Group, and Clayton Dubilier & Rice are the buyers.

Under the terms of the revised deal, announced earlier last week, Home Depot is set to pay $325 million for a 12.5% equity interest in the supply unit and will guarantee a $1 billion senior secured loan of HD Supply.

It looks like the Home Depot Supply unit sale that was scheduled to close this week won’t get done.

Home Depot (HD) said earlier this month that it was in talks with buyers Bain Capital, the Carlyle Group and Clayton Dubilier & Rice about a restructuring of the $10.3 billion all-cash deal that was to partially fund a $22.5 billion stock repurchase plan.