Bloomy are pumping this out about LEH after hours action.. from Times online... Japanâs biggest megabank, Tokyo Mitsubishi UFJ is poised to enter the bidding for a substantial stake in Lehman Brothers, and may even seek control of the ailing Wall Street titan, according to banking industry sources in Tokyo. http://business.timesonline.co.uk/t...ectors/banking_and_finance/article4665472.ece
This story has been available since Wednesday morning in London - before the U.S. market opened. And - the story about the "Korean transaction" for LEH is now 3 months old. LEH is just trying to buy time with all these "deals".
I guess when you are as fugly as Lehman you have to "kiss" a good number of toads before you find your sucker.. er I mean prince. http://bankimplode.com/blog/2008/06/14/lying-lehman-and-the-lies-they-tell/
rejected: http://www.forbes.com/reuters/feeds...40Z_01_T164730_RTRIDST_0_LEHMAN-UPDATE-2.html this whole saga is really getting quite comical. With leh tight lipped and media working up a frenzy to fill up their articles with whatever rumor they can think of.