The financial news channel attributed the report to "people close to
the matter." The approach came well before Tuesday's
precipitous stock drop. While a takeover of a major investment bank by a
private equity firm would be fraught with regulatory problems and
receive intense scrutiny, should Lehman run into the same problems that doomed Bear Stearns Cos., such a deal could happen. Lehman has historical
ties with private equity firm the Blackstone Group LP, whose top
executives Peter Peterson and Steve Schwarzman are former Lehman
investment bankers.
- George White
See CNBC story
See Dealscape posts on Lehman's earnings
