Reports HSBC and Others May Also Be Interested in Lehman (LEH)
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According to reports from Reuters, HSBC (NYSE: HBC), several U.S. hedge funds and an unidentified Chinese bank were among other potential buyers of Lehman Brothers (NYSE: LEH).
Reports suggest Korea Development Bank is offering to buy 25% of Lehman for up to $5.3 billion, following news yesterday that KDB confirmed talks to invest in the embattled investment bank.
The new potential buyers could put pressure on KDB to get a deal done.
Shares of Lehman are up 2% this AM to $16.47.
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