The lastest news in the Lehman Brothers ( LEH ) saga has KKR and Bank of America ( BAC ) buying Lehman and splitting it up. Nothing has been confirmed as of yet....but a deal could get done by Monday. These bank deals usually take place over the weekends. Barclays and several other banks are also being talked as potential suitors. Nothing has been confirmed yet!!
LEH stock is up 18% on this news to $4.90 in early trading. It will be an interesting day to say the least!
http://blackberrystocks.com