Subject: What Price Lehman?
UPDATE: Sept. 9, 2008
Well, the REAL price for which Lehman shares are
indisputably worth NO MORE is now finally OUT:
(LEH closed at $7.79 on Sept. 9, 2008)
NEWS (purpored):
"Lehman's share price drop on Tuesday [Sept. 9, 2008] was precipitated
by a newswire report citing an unnamed Korean government official as
saying that Korea Development Bank, a state-run lender, had decided
not to invest in Lehman.
Korea's financial watchdog later denied the report, but bankers close
to the situation said Lehman was unlikely to clinch a deal to sell a
large stake to KDB before reporting third-quarter results. The two
sides have been at loggerheads over the price to be paid for the
stake, with KDB balking at the valuation demanded by Dick Fuld,
Lehman's chief executive, according to people close to the talks. "
http://us.ft.com/ftgateway/superpage.ft?news_id=fto090920081849189481...