NEW YORK, Sept 11 Goldman Sachs Group Inc
(GS.N) is not pursuing an acquisition of Lehman Brothers
Holdings Inc LEH.N, reflecting concerns that integrating two
large investment banks would be too disruptive, sources
familiar with the situation said on Thursday.
As Lehman stock plunged 37 percent to a new low of $4.52 a
share, there was market speculation that Goldman, the largest
and strongest securities firm on Wall Street, would step in and
acquire its struggling rival.
While reporting a third-quarter loss and a series of
restructuring moves, Lehman on Wednesday also announced it was
"examining all strategic alternatives to maximize shareholder
value." Some analysts and investors interpreted the remark as
meaning the Lehman was looking to sell the firm.
Goldman declined to comment, citing its policy on market
speculation. Lehman declined to make an immediate comment.
(Reporting by Joseph A. Giannone, editing by Maureen Bavdek)