At this point maybe we should just keep a list of who isn't buying Lehman Brothers. Earlier this week it was the Koreans and HSBC. Now "sources familiar with the situation" have told Reuters (who broke the story of the Korean Development Bank) that Blackstone and Kohlberg Kravis Roberts are looking to acquire pieces Lehman's real estate and asset management units.
Blackstone was said by the Financial Times to be out of the running for the asset management unit, so we're assuming that it's mainly interested in the real estate group. Has anyone seen Jon Gray, who runs Blackstone's powerful real estate arm, over at Lehman HQ lately?
Blackstone, KKR eye Lehman assets: sources [Reuters]
Posted by guest , Sep 05, 2008 3:33PM
LEH is like a male prostitute. you are thinking whether to pay him or not? will he be your boy toy or not? you want to know his asset. geez!
Posted by Debter , Sep 05, 2008 3:38PM
Jarvis is smokin'
Posted by guest , Sep 05, 2008 3:43PM
who isn't looking to buy assets???
Posted by guest , Sep 05, 2008 3:50PM
I'm curious which is better for the long term: spinning off the toxic waste assets, selling them at fire sale prices, or selling off the most valued units in the company.
Posted by guest , Sep 05, 2008 3:59PM
Has anyone seen Bazooka Hank at Lehman?
Posted by guest , Sep 05, 2008 4:30PM
What r people hearing about the Freddie and fannie bailout. Treasury may announce details this weekend? Is equity going to get wiped out (a gal can dream)?
What say you all.....
Posted by guest , Sep 05, 2008 4:32PM
What r people hearing about the Freddie and fannie bailout. Treasury may announce details this weekend? Is equity going to get wiped out (a gal can dream)?
What say you all.....
Posted by guest , Sep 05, 2008 4:32PM
STEVE HASH WAS AT 345 PARK AVE THIS WEEK....
Posted by guest , Sep 05, 2008 6:26PM
They can't sell their problematic assets, only their good ones.
Posted by guest , Sep 05, 2008 6:44PM
LEH is Fuld of crap.
Posted by guest , Sep 05, 2008 7:20PM
Why are they letting this drag out so long...painful for the markets, worse for the employees. Put them out of their misery.
Posted by guest , Sep 08, 2008 5:04AM
The FT article opined that the Korean Exchange Bank wants to acquire a stake in Lehman because it harbours ambition of becoming a major global investment bank.
I am bewildered. What the fuck are these Koreans thinking? They are sadly mistaken if they think getting into bed with Dick Fuld will propel them into the I-Banking major league. If the Koreans really want to get serious about starting an investment bank, why not start at home and build the business steadily? Look at recent success stories such as Macquarie Bank in Australia or CICC in China. They all started at home and then expand overseas.
Make no mistake, Dick Fuld needs the Koreans (or whoever else stupid enough) as a lifebuoy in these difficult times. The Koreans need to get their heads checked if they think Fuld will let them take the driving seat.