Lehman Brothers Takes Majority Interest In TrueLink
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Investment bank Lehman Brothers Wednesday took a majority stake in online credit reporter TrueLink Inc.
Financial terms were not disclosed, although Lehman Brothers (LEH) acquired the majority stake from TrueLink Founder Keith Guy.
TrueLink offers access to consumer credit reports and decisions on mortgage and other loan applications over the Internet. It was also the first company authorized to take business-to-business credit reports online.
Interim TrueLink Chairman and Managing Director at Lehman Brothers Kurt Locher said the company plans to keep TrueLink as a separate company.