Japan’s Nomura Interested In Lehman

The list of potential investors and possible acquirers in Lehman Brothers (LEH) continues to grow. According to Japanese newspaper Yomiuri Shimbun, Nomura (NMR), which is Japan’s largest securities brokerage house, is considering making an investment in Lehman (LEH).

The newspaper quotes Kenichi Watanabe, the President of Nomura (MNR) as saying that Nomura has $1.87 billion that it wants to use to make investments in financial institutions in the United States and Europe, and Lehman is currently one of its considerations.

Korea Development Bank is supposedly in talks to acquire a 25% stake in Lehman (LEH) and China’s CITIC as well as sovereign wealth funds from the Middle East are also rumored interested parties.

On Friday, we recommended that subscribers to our Options Capitalist trading advisory, purchase the October $17.50 calls in Lehman (LEH) we got in at $1.76. At the close of the stock market on Friday, they were quoted at $2.00 on the bid side. We believe some concrete news on either a buyout or a major investment in Lehman (LEH) will soon be announced, so traders might want to either buy Lehman’s (LEH) stock or purchase some October calls.
 

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September 6, 2008 | Filed Under Stocks 

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