Lehman Brothers Sells Uranium

Bloomberg reported Lehman Brothers has sold their uranium assets to help pay off creditors.

As quoted in the market news:

Perhaps the most unusual asset disposed of so far: 450,000 pounds of yellowcake uranium, acquired as part of a commodities contract. Lehman sold the yellowcake at prices ranging from $51 to $65 a pound through broker ICAP.

Lehman’s employees are working their way through several thousand other assets, including loans and public securities, while seeking to reduce claims on the company by negotiating with creditors and challenging them in court.

Click here to read the full Bloomberg report.