Skip to: Content
Skip to: Site Navigation
Skip to: Search

September 8, 2008 4:13:07 AM CDT

Learn about Newser Points »

« Back to the grid | Next story »

Lehman Bros. Pondering Privatization

Posted Jul 15, 08 10:58 AM CDT in Business 

(Newser) – Lehman Brothers’ CEO is considering ways for the company to privatize itself, the New York Post reports. The financial-services firm has seen its share price fall 79% this year—including 15% yesterday—and Richard Fuld is hoping to ward off bargain-hunters. "The idea is why sell to someone else at so cheap a price when they could buy themselves," a source said.

Source New York Post

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • Lehman Loses $2.8B; CEO Faces the Music

    Jun 16, 08 11:30 AM CDT
    Lehman Loses $2.8B; CEO Faces the Music A week after skipping Lehman Brothers' first announcement of its $2.8-billion second-quarter loss, CEO Richard S. Fuld took the microphone himself today to made it official, attempting to reassure analysts and shareholders in the wake of the bank's executive shakeup. "It’s now my job to make sure that we execute," he said after removing president Joseph Gregory and CFO Erin Callan, who had delivered the bad news until now, the New York Times reports. More »

  • Tishman, Lehman Close REIT Deal

    May 29, 07 11:50 AM CDT
    Tishman, Lehman Close REIT Deal In a penthouse-level play, real estate developer Tishman Speyer Properties and investment bank Lehman Brothers will spend $13.5 billion to buy the nation's second-largest apartment owner. The $60.75 per share offer for real estate trust Archstone-Smith, confirmed this morning, will take the company private in a deal worth over $22 billion including debt. More »

CEO Richard Fuld is examining ways to take Lehman Bros. private, the New York Post reports.   (AP Photo)
Michael McDonnell of Lehman Brothers MarketMaker works the floor of the New York Stock Exchange, July 8, 2008. Rumors are circulating regarding a possible privatization maneuver by Lehman Brothers.   (AP Photo)
In this file photo, Richard Fuld, chairman and CEO of Lehman Brothers, speaks during a session at the World Economic Forum in Switzerland. Fuld is reportedly considering privatizing the firm.   (AP Photo)
Chart shows Lehman Brothers' net income since 2007.   (AP Photo)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (1 of 3)

Tags

Lehman Brothers  • privatization  • Richard S. Fuld


Loading...

Today's Most Popular


Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »