The Sunday Telegraph reports, Lehman Brothers Holdings has “intensified” talks with Korea Development Bank (KDB) to raise as much as $6 billion in a share sale that could be concluded this week. South Korea’s KDB could buy up to 25 percent of the struggling U.S. investment bank, the paper said, without specifying sources. We have been following this one for a while and it looks like it is coming to a close….stay tuned!
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Disclosure: I am still long LEH
