BofA, JC Flowers, CIC planning joint Lehman Brothers bid

Discussion in 'Stocks' started by Mup, Sep 12, 2008.

  1. Mup


  2. Daal


    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
  3. You need someone to take over $600 bil worth of liabilities. The equity might get jack.
  4. Daal


    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 :D
  5. Mup


    Barclays quits Lehman sale talks

    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.
  6. cszulc


    Bank of America also walks away:

    Bank of America no longer in bidding for Lehman Brothers: report 3:48pm EDT (Reuters)
  7. Mup


    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