Lehman Brothers Holdings shares plummet as US government reluctant to bailout

Lehman Brothers Holdings Inc shares were sent to a 14-year low after concerns grew that they may fail to find a willing buyer due to the U.S. government unwillingness to provide financial support for the deal.

Government officials, Lehman executives and potential buyers faced a difficult time on Friday trying to work out a buyout plan, this weekend is thought to be one of frantic calls between Lehman and potential bidders.

British bank Barclays Plc is considered a possible bidder, and the Bank of America Corp is seen as a leading contender, since Monday the firm’s market capitalization has lost 78 percent from $11.2 billion to $2.5 billion Lehman shares fell 13.5 percent. Lehman has to act fast as time is running out.

Read the full article at forbes

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