Possible Lehman Brothers, KDB Deal Hits Snag

Volatility in the Korean financial market might halt Korea Development Bank from its buyout of Lehman Brothers, reports Reuters. Rumors began earlier this year that KDB might try to buy between 25% and 50% of Lehman Brothers, as that firm

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Volatility in the Korean financial market might halt Korea Development Bank from its buyout of Lehman Brothers, reports Reuters.

Rumors began earlier this year that KDB might try to buy between 25% and 50% of Lehman Brothers, as that firm struggles with the credit crunch. The CEO at KDB has also said he is interested in overseas takeovers, but the news from Seoul could cripple his efforts.

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