Korea Development Bank’s Chief declined to comment on a Reuters report
Friday, August 22nd, 2008Korea Development Bank’s Chief Executive Officer Min Euoo Sung declined to comment on a Reuters report that the state-run lender is “open to” a potential acquisition of Lehman Brothers Holdings Inc.
Reuters, citing an unidentified Korea Development Bank spokesman, said Korea Development is studying a number of options, including buying Lehman.
Lehman Brothers Holdings Inc. climbed 15 percent in New York after Reuters reported that Korea Development Bank said it’s open to acquiring the fourth-largest U.S. securities firm.
