Lehman (LEH) Actively Shopping The Company, Talking With BofA
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According to reports from the Wall Street Journal, Lehman Brothers (NYSE: LEH) is actively shopping itself to potential suitors, including Bank of America (NYSE: BAC).
The Journal said potential buyers are worried about Lehman's balance sheet and may be looking to the U.S. government to provide assistance similar to the J.P. Morgan (NYSE: JPM)/Bear Stearns deal, but it is unclear if the government would take such steps.
An outside potential suitor includes Barclays PLC the paper said. Goldman Sachs (NYSE: GS), which was a rumored suitor, will likely not bid for Lehman.
Shares of Lehman closed down more than 40% today to just over $4 per share.
Link to WSJ Article
The Journal said potential buyers are worried about Lehman's balance sheet and may be looking to the U.S. government to provide assistance similar to the J.P. Morgan (NYSE: JPM)/Bear Stearns deal, but it is unclear if the government would take such steps.
An outside potential suitor includes Barclays PLC the paper said. Goldman Sachs (NYSE: GS), which was a rumored suitor, will likely not bid for Lehman.
Shares of Lehman closed down more than 40% today to just over $4 per share.
Link to WSJ Article
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