March 11 (Reuters) - Lehman Brothers Holdings Inc:
* Examiner says Warren buffett 'never got close' to deal to invest $3.5 billion
in Lehman preferred stock in March 2008
* Examiner says buffett was surprised Lehman had prepared a draft to letter to
employees indicating that he would invest
* Rpt-examiner says buffett was surprised lehman had prepared a draft letter to
employees indicating that he would invest
* Examiner says buffett 'took it as a negative' that fuld suggested Lehman
executives were unwilling to make 'significant' buy-in at same time, given
that much of their compensation was already in stock
* Examiner says buffett did not like that fuld complained about short sellers,
thinking that indicated a failure to admit one's own problems
* Examiner says ex-treasury secretary paulson 'reluctantly' called buffett at
fuld's behest after a March 28, 2008 meeting with buffett; says paulson
signaled he would like buffett to invest in Lehman, but 'did not load the
dice'
* Examiner says buffett learned on March 29, 2008 of a $100 million 'problem'
in Japan that fuld had not mentioned, and was concerned fuld had not been
forthcoming about it
* Examiner says Lehman ultimately had better offers for its April capital
raising, and did not believe it could give a better deal to buffett than to
others
* Examiner says on September 13, 2008, Barclays PLC reached out to
buffett and discussed buffett's possibly providing $5 billion of protection
to guarantee lehman's operations until a Lehman-Barclays deal closed
* Examiner says buffett 'expressed interest' in providing protection, but
Barclays did not pursue it
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Lehman Brothers Holdings Inc click here:) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Examiner says Warren buffett 'never got close' to deal to invest $3.5 billion
in Lehman preferred stock in March 2008
* Examiner says buffett was surprised Lehman had prepared a draft to letter to
employees indicating that he would invest
* Rpt-examiner says buffett was surprised lehman had prepared a draft letter to
employees indicating that he would invest
* Examiner says buffett 'took it as a negative' that fuld suggested Lehman
executives were unwilling to make 'significant' buy-in at same time, given
that much of their compensation was already in stock
* Examiner says buffett did not like that fuld complained about short sellers,
thinking that indicated a failure to admit one's own problems
* Examiner says ex-treasury secretary paulson 'reluctantly' called buffett at
fuld's behest after a March 28, 2008 meeting with buffett; says paulson
signaled he would like buffett to invest in Lehman, but 'did not load the
dice'
* Examiner says buffett learned on March 29, 2008 of a $100 million 'problem'
in Japan that fuld had not mentioned, and was concerned fuld had not been
forthcoming about it
* Examiner says Lehman ultimately had better offers for its April capital
raising, and did not believe it could give a better deal to buffett than to
others
* Examiner says on September 13, 2008, Barclays PLC reached out to
buffett and discussed buffett's possibly providing $5 billion of protection
to guarantee lehman's operations until a Lehman-Barclays deal closed
* Examiner says buffett 'expressed interest' in providing protection, but
Barclays did not pursue it
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Lehman Brothers Holdings Inc click here:) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.