Lehman Bros. Pondering Privatization

Its stock in downward spiral, ailing firm looks to stave off scavengers
By Sam Biddle,  Newser Staff
Posted Jul 15, 2008 10:58 AM CDT
Lehman Bros. Pondering Privatization
CEO Richard Fuld is examining ways to take Lehman Bros. private, the New York Post reports.   (AP Photo)

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. (Read more Lehman Brothers stories.)

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