Tokyo Mitsubishi Could Enter Bidding for Lehman (LEH) -Times Online
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Times Online is reporting that another bank may be jumping into the battle for a stake or outright purchase of Lehman Brothers (NYSE: LEH).
According to sources in Tokyo's banking industry, Japan's largest back, Tokyo Mitsubishi, is ready to enter the bidding, but will likely wait until after Lehman reports its Q3 earnings. The article mentions that the Japanese group is calling the possible acquisition of Lehman a "once in a lifetime" opportunity, but will remain cautious as the bank is "notoriously conservative". Further, Times Online says Tokyo Mitsubishi has "ample sources of funding for a multi-billion dollar acquisition".
Lehman Brothers Holdings, Inc., through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions, and high-net-worth individuals worldwide.
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