The Deal
Saturday, November 21, 
9:10 pm

Bank Watch: Lehman jumps on talk of going private

  Share     E-Mail    Discussion    Print Story

The market gave a warm reception to Lehman Brothers Inc.'s reported possible go-private deal as shares jumped nearly 13% to $13.67. There is also speculation that the New York-based investment bank will consider selling assets or form a partnership to raise capital.

Continue reading below

Also on Dealscape

The jump in the stock price comes after Lehman's nine-year low of $12.02 on Monday on fears it does not have enough capital to stay in business. Meanwhile, Lehman's peers Merrill Lynch & Co., Goldman Sachs Group Inc. and Morgan Stanley are all being pulled up slightly on Lehman's prospects of a go-private deal. Here's a closer look at the performance of some major banking stocks. - Gerald Magpily

Troubled Wall Street

Share prices as of 12:30 pm

Name Open Last price Change Mkt cap
J.P. Morgan Chase & Co. 30.73 32.26 0.57 110.5B
Lehman Brothers Inc. 12.99 13.79 1.39 9.6B
Merrill Lynch & Co 25.54 26.07 0.19 25.7B
Goldman Sachs Group Inc. 157.04 159.62 0.95 62.9B
Morgan Stanley 31.42 32.04 0.29 35.5B
Citigroup Inc. 14.99 15.35 0.13 80.6B
Fannie Mae 8.46 7.89 -1.84 77.0B
Freddie Mac 5.97 5.84 -1.27 3.8B
Bank of America Corp. 19.55 19.97 -0.18 88.9B
Wachovia Corp. 8.68 9.70 -0.14 20.7B
Source: TheDeal

SeeDealscape: Lehman's management considers a take-private
See Dealscape: Lehman to consider partnering or asset sale





Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.