Closest without going over, guesses in by 3PM EST. Winner gets your choice of dinner with Dan Akerson or a visit from The Sandwich Fairy (TSF) at lunch tomorrow.
General Motors IPO
Jimmy Lee, JPMorgan’s legendary dealmaker, just finished up on CNBC’s new show, Strategy Session. Not only did he say the credit markets “are wide open,” but he said up to $10 billion in debt is now available for a big LBO, provided it sits on top of about $5 billion in equity and is, of course, the right kind of company. That jibes with what Carlyle Group’s David Rubenstein told the Washington Post earlier this week.