From the FT 14.45 London time http://www.ft.com/cms/s/0/f3586ede-80ca-11dd-82dd-000077b07658.html?nclick_check=1 Bank of America, JC Flowers & Co, the financial investor, and China Investment Co., the Chinese sovereign wealth fund, are considering a possible joint bid for Lehman Brothers, the embattled Wall Street bank.
I want to see them convince the 80% of lehman shareholders(institutions) to give away the bank at a discount to $3.5 per share, when neuberger is worth $3. this people just lost a lot of money they dont care about america or the financial system
you could be right but I'm just trying to think like the shareholders think. they are 'strong hands' they believe on the company and lost a lot of money, they are going to shutdown ridiculous deals. BTW, we should not be talking about LEH, that forum description says NO PENNY STOCKS
Barclays quits Lehman sale talks http://news.bbc.co.uk/1/hi/business/7615712.stm BBC are reporting Barclays walked away because it was unable to obtain guarantees in relation to financial commitments faced by Lehman when markets open on Monday.
Bank of America also walks away: Bank of America no longer in bidding for Lehman Brothers: report 3:48pm EDT (Reuters)
So has this now netting session ended? SDA confirms a netting trading session will take place between 2 pm and 4 pm New York time for OTC derivatives