Voltron says: Lehman is both buying and selling its own shares. There is a word for that . . . oh yeah: Manipulation!
SAN FRANCISCO, June 3 (Reuters) - Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research) 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 (Voltron says: the word on the street is
Lehman's stock closed Tuesday's session down 9.5 percent, or $3.22, at $30.61 on the New York Stock Exchange.