Goldman Sachs is not interested in buying Lehman Brothers, a source at Goldman has told CNBC's Charlie Gasparino. Earlier there had been rumors that Goldman had made overtures to Lehman to initiate a 'take-under' with a $2 per share bid. Lehman was reportedly resisting.
We've also been trying to track down someone close to the situation who can speak about a possible Goldman bid for Lehman. So far no one seems to be able confirm the story, leading us to suspect there hasn't been any such overture from Goldman.
Lehman is, however, "actively shopping" the entire operation, Gasparino reports. The market cap now stands at less than $4 billion. Do we hear a bid?
Update: The amazing blow out of Lehman Brothers' credit default swaps has reversed, with about 140 basis points coming out.
Posted by Anal_yst , Sep 11, 2008 12:31PM
$1
couldn't help myself
Posted by guest , Sep 11, 2008 12:34PM
the ratings agencies should just d/g them and get this over with...
Posted by guest , Sep 11, 2008 12:38PM
http://www.nj.com/business/ledger/index.ssf?/base/business-10/122114381490760.xml&coll=1
Candidate for quote of the day.
"Obviously, if you bat a thousand, you would probably not be making trades for the state of New Jersey."
Tom Vincz, state Treasury Department spokesman.
Posted by guest , Sep 11, 2008 12:45PM
what are the analyst numbers at lehman??
Posted by guest , Sep 11, 2008 12:46PM
DAVID EINHORN JUST BLEW A LOAD IN ERIN CALLAN'S FACE.
Posted by guest , Sep 11, 2008 12:58PM
@5
WHAT?
WHERE?
HOW?
Posted by guest , Sep 11, 2008 1:11PM
best. gasparino. performance. ever.
"sweetie" was classic.
Posted by guest , Sep 11, 2008 1:12PM
@7-- what? who did he call "sweetie"?
Posted by guest , Sep 11, 2008 1:26PM
I think its time we call Ghostbusters.
Posted by guest , Sep 11, 2008 1:58PM
@8-- dennis kneale, speaking to gasparino, sez "go ahead, sweetie" at 2:46 of this clip:
http://www.cnbc.com/id/15840232?video=852151202&play=1
love how everyone's attacking gasparino b/c he can't shut his piehole