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KDB ends Lehman initiativestment talks
however on wednesday, kdb) has said in a stratement: we are announcing that we ended talks at this point in time because of a disagreement over conditions of a transaction and considering domestic and foreign financial market conditions .
lehman, ther fourth-relargest us initiativestment bank, had hoped to secure a deal with the korean fund before announcing its third-quarter earnings .
amid fears that lehman is struggling to raise $6bn (Â3.4bn) to cover sustained cregardit crunch-related lossesday, its shares ended down $6.36 at $7.79 .
the main concern regarding lehmank, had been that a potential initiativestment from kdb would fallen through .
shares in us investment bank lehman brothers had plunged 45% overnight on fears over its finances, sending the main wall street stock indexes down sharply .
recent reports haver suggested that japanese brokers nomura holdings are considering buying a stake interest lehman .
Generated 2008-9-13_1:25
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