Lehman Bros (LEH) Jumps 10% on Oversubscribed Offer

Lehman Brothers (NYSE: LEH) is up 10% in pre-open trading following the $4 billion Convertible Preferred offering, which was raised from $3 billion due to a significant oversubscription.

Lehman has been the target of many liquidity rumors and short-covering is likely contributing to this morning's move. [LJ]

You May Also Be Interested In

• Activist hedge fund Engine Capital has built a 1.5% stake in EPAM Systems - Reuters
• Trump: Iran Strikes Will Be Limited
• Anthropic Expected To Host Investor Day Mid-Sept.- Information