Holding of Lehman Brothers (Could face selling pressure)

Lehman Brothers May Have to Put Itself Up for Sale 2008-06-04 03:43 (New York)

June 4 (Bloomberg) -- Lehman Brothers Holdings Inc.'s balance-sheet troubles
threaten to harm the wider financial system unless the bank takes decisive
action, the Wall Street journal said in its ``Heard on the Street'' column.
*The company, which is likely to report a second-quarter loss this month,
may be forced either to sell all or part of itself to a bigger financial
firm or sell a large quantity of new shares, the newspaper said.* If it were
to go for the outright sale option, Lehman might, at the right price,
attract interest from Blackstone Group LP, Citadel Investment Group LLC or
J.C. Flowers & Co.,the Journal said.The investment bank has seen its shares
fall for two days in succession and they're now 22 percent below their book
value, reflecting investors' concerns about the values put on its assets,
many of which are backed by poor-quality real-estate loans, the newspaper
said. While a plan to sell as much as $4 billion of new stock is being
considered, the share-price decline makes it harder to do that, and as
Lehman's market capitalization has fallen to about$17 billion, $4 billion is
equivalent to almost a quarter of the company, the newspaper said.
Investors might, in any case, want the bank to raise more than $4 billion,
to cover any future losses from marking downasset values, the Journal added.



HOLDING::::

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