Lehman desperate to find suitors

Lehman is looking for a buyer.  I guess the plan to sell parts wasn’t met with the a welcoming reception so now the whole company is at stake.  Surprise, surprise.

A deal could be announced as soon as this weekend, but Hank Paulson has said there will be absolutely no government deal for Lehman.  Sound like deja vu?

Potential suitors include Barclays, Bank of America, JC Flowers & Co., and the China Investment Co.  There are also some reports of a joint deal involving some of the previously mentioned suitors.

I look forward to hearing (and of course posting) the terms of any such deal, but I promise my next post will NOT be about Lehman Brothers ;)