Korea Development's Min Confirms Talks With Lehman

[AAA30]

http://www.bloomberg.com/apps/news?pid=20601080&sid=a4xeRmZmqv64&refer=asia

Sept. 2 (Bloomberg) -- Korea Development Bank Chief Executive Officer Min Euoo Sung said the state-owned lender is in talks with Lehman Brothers Holdings Inc. on investing in the U.S. securities firm....

 

[ksonsinc]

Atleast the financials will be up tomorrow
since leh will get all the backing from the korean bank

 

[The Kin]

Every financial which has gone cap in hand to sovereign wealth funds has seen significant decrease in shareholders' value. Be in by massive dilution, unfavorable terms, or a revealing about just how shitty the company truly is when looking for a second bailout several weeks later.

 

[TheDudeofLife]

This has been rumored for weeks.