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 Lehman Brothers Holdings Inc.'s stock is sinking as more speculation swirls around the bank's future.
According to The Observer, there's a planned coup from inside the investment bank to oust CEO Richard Fuld. Fuld may already be halfway out the door. The report points out that Bart McDade, Lehman's relatively new chief operating officer, has assumed many of Fuld's former duties. Several analysts told CNN that the investment bank will ultimately be restructured over the next few months. These reports come amid rumors of a possible takeover by Korea Development Bank. However, one of South Korea's top financial regulators, Jun Kwang-woo, cautioned Korea Development Bank in acquiring overseas banks following the rumors that KDB was considering acquiring Lehman. Stocks climbed 5% Aug. 22 due to the reports. The reports came after outspoken Ladenburg Thalmann & Co. analyst Richard Bove released a note earlier in the week that indicated Lehman Brothers was a candidate for a hostile takeover. When interviewed about his note on CNBC, he said that Lehman could face a hostile takeover as early as this week. These reports followed rumors that Lehman was looking to sell its money management division Neuberger Berman.All of the rumors and reports have been spurring chatter on the discussion boards. Here's a look at some of that chatter. From Google:mcmahon: If [bidders] offer $5 a share, then Lehman brothers will reject it. The stock may go down, but won't tank to 5 bucks. hotr: If he leaves, too bad for Lehman.... From Yahoo: equitrder: Subsidiary NB sold for $11.8 bln - NEWS LEAK ?Bull@#$%-they were looking for 6-8 billion but no one has money to buy! nessefguirg: I have a buddy how works for Leh. They are so scared that their going to be the next Bear Sterns rkbruck: The market responded with enthusiasm to reports that the Tooth Fairy has agreed to acquire Lehman. The purchase price has not yet been determined and will be set by Dick Fuld wishing upon a star, clicking his heels three times, and being transported back to that magical place where Lehman still sells for over $70 per share. Obviously a lot of people have thoughts about the future of Lehman Brothers. Do you want to get involved in the discussions? Check out The Deal's Facebook page and voice your opinion. - Maria Woehr Categories Deal Video
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