Among the companies whose shares are actively trading in Wednesday’s session are
BCE Inc. (BCE), General Motors Corp. (GM) and Citigroup Inc. (C).
The $42 billion takeover of BCE ($20.44, -$10.84, -34.65%) was jeopardized
Wednesday morning when the company warned it might not be able to meet the
conditions of the merger agreement. Investors bet that the planned leveraged
buyout [...]
Lehman Shares Fall Below $28 Price In Capital-Raising >LEH
Last Update: 6/10/2008 11:50:06 AM
DOW JONES NEWSWIRES
Shares of Lehman Brothers Holdings Inc. (LEH) continued their fall, dropping over
6% Tuesday as their month-long swoon resulted in the brokerage shedding 40% of
its market value.
Monday’s projection of a $2.8 billion quarterly loss deepened anxieties that
banks and [...]
Posted by Heidi N. Moore
Lehman Brothers Holdings Inc. (LEH) has, so far, done everything right in order
to prevent an extended market panic: it announced its earnings early, came clean
about its first loss as a publicly traded company and showed it could be
well-capitalized by raising $6 billion in new capital: $4 billion [...]
Posted by Heidi N. Moore
Note to U.S. banks: Get your bailouts while they are hot. There are a heck of a
lot of people scrambling for a piece of that pie.
“We can conclude that the financial services sector is ripe to receive capital,”
wrote Keefe Bruyette & Woods analyst Melissa Roberts on Friday. That [...]
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