Brad Hintz Doesn't Buy Lehman Buyout Rumors

Author:
Publish date:

Sanford Berstein analyst Brad Hintz dismissed the idea of Lehman management taking the firm private today, noting that it would be way too costly. "We are skeptical that this is the path that Lehman Brothers would choose to pursue," Hintz wrote, unless some sort of $2 a share situation could be worked out, he wink-winked. Journal reporter David Reilly also joined the Lehman Can't Go Private Pile-On this morning, adding that shareholders shouldn't hold their breath about a rescue from a bigger bank, though, fishily, Jamie Dimon has been letting it slip to family and friends he likes the sound of Bearpont Brothers.
Lehman management buyout unlikely [Reuters]

Related