• Most Popular
  • Most Shared

KDB, Lehman talks have been halted - govt official

Tue Sep 9, 2008 9:54pm EDT

SEOUL, Sept 10 (Reuters) - Talks between Korea Development Bank [KDB.UL] and Lehman Brothers LEH.N over a possible investment in the U.S. bank have been halted "for some time" due to lack of progress, a government official said on Wednesday.

Stocks  |  Mergers & Acquisitions  |  Funds News  |  ETFs News

"No more talks are under way on a deal between the two sides," he told Reuters by telephone, asking not to be named before any public announcement is made.

"Their talks had not developed to a serious level. There have been several investors who have been in discussions with Lehman other than us," he said, referring to KDB.

(Reporting by Kim Yeon-hee; Editing by Keiron Henderson)



More from Reuters

 A boy looks for recyclable items in the polluted waters of the Yamuna river in New Delhi December 9, 2009. REUTERS/Rupak De Chowdhuri

U.N. Climate Change Conference

Welcome to our live coverage of the U.N. Conference on Climate Change. This is your space to respond to our panalists and voice your views on the events at COP15.  Full Coverage 

    Discovery Communications Wellness Center medical technician Charline Faison notes patient medical information during an appointment at the clinic in the Discovery Communications headquarters buildingin Silver Spring, Maryland December 3, 2009. Credit: REUTERS/Jim Bourg

    House calls at the office

    Companies like Discovery say they've found a way to save millions in annual health insurance costs and provide better healthcare for their employees.  Full Article 

    Felix Salmon

    The banking revolution?

    A couple of firms you've probably never heard of have a few ideas that could revolutionize the broken consumer banking system, says Felix Salmon.  Full Article