Lehman to raise $3 billion to quell rumours of instability

04/1/2008 | Guardian (London), The · Bloomberg1

Lehman Brothers Holdings plans to raise $3 billion through a convertible preferred share offering, putting an end to questions about the bank's balance sheet. Demand for the offering appears strong. Several large institutional investors have already agreed to purchase at least $2.5 billion of it.

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Guardian (London), The · Bloomberg1

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