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Lehman buying back its shares: report
SAN FRANCISCO |
SAN FRANCISCO (Reuters) - Lehman Brothers Holdings Inc LEH.N began using its capital to buy back its shares in the wake of its falling stock, the Wall Street Journal reported on Tuesday, citing a person familiar with the matter.
It was unclear how much stock Lehman bought, the Journal said.
Lehman may also look to sell a stake to a group of investors and has held talks in recent days with at least one foreign entity, the Journal reported, citing a source.
Lehman's stock closed Tuesday's session down 9.5 percent, or $3.22, at $30.61 on the New York Stock Exchange.
(Reporting by Anupreeta Das, editing by Leslie Gevirtz)
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