As its shares continue to drop, Lehman Brothers Holdings Inc. is attempting to sell all or part of the company before the situation worsens, according to an AP report. Executives no longer expect the firm to emerge from its current financial crisis as an independent franchise.
Potential buyers recently mentioned include Bank of America Corp., Japan's Nomura Securities, France's BNP Paribas, Deutsche Bank AG and Britain's Barclay's Plc. Goldman Sachs Group Inc., however, has reportedly stated that it is not interested in the purchase.
The Federal Reserve and U.S. Treasury Department are also currently in discussions with Lehman, but the ultimate resolution is not anticipated to involve the use of government money, the report adds.
Source: AP