Fox-Pitt Kelton's David Trone -
- Not ruling out a buyout by the management, in a note dated Sept 9, that Lehman could sell its investment-management unit and fund the entire tender.
- that Lehman needs $5 billion in net capital.
- deal scenarios would have current shareholders getting $10 a share to $15 a share.
Banc of America's Michael Hecht
- "best case" scenario for common equity holders is that Lehman "limps along" and gets by with a partial reduction of its troubled asset exposure by raising dilutive capital and selling a portion of its investment-management unit.
- a Bear Stearns-like bailout will likely leave little value for common stockholders of about $2 per share
- Korea Development Bank confirmed talks had ended for now with Lehman Brothers
- Lehman Brothers Holdings Inc is in talks with BlackRock Inc to sell a package of British real estate assets.
Lehman has brought its third-quarter earnings up to Wednesday(today) morning, and will announce strategics.
I am guessing that Leh won't prepone the earnings date without being in a stronger position than market thinks it is. I don't know who is trading so early but Leh is trading much higher(10.35) than yesterday's close(7.79) in today's premarket. Thats a rally of 30%. Talk about volatile market! I am hoping for a bull ride today to recover some losses.
No comments:
Post a Comment