Cerberus, Centerbridge make joint offer for minority of NordLB: Financial Times

Cerberus and Centerbridge have joined forces to buy a minority of ailing German lender NordLB, the Financial Times reported. Ceberus and Centerbridge had previously been in separate negotiations to buy a stake of up to 49 percent of NordLB, the story said. The PE firms have made a joint offer to each buy a 24.9 percent stake in NordLB, the FT said.