www.reuters.com/article/asiaMergersNews/idUSSEO3081320080916?sp=true SEOUL, Sept 16 (Reuters) - Lehman Brothers Holdings (LEH.P: Quote, Profile, Research, Stock Buzz) could have avoided bankruptcy had it accepted an offer made by Korea Development Bank (KDB), the head of the state-run bank said on Tuesday.
"Lehman had agreed with us on most of the conditions, but there was too big a gap on the price of the stake," KDB Chief Executive Min Euoo-sung told a media briefing.
Min said KDB had offered a price roughly equal to one-third of what Lehman was asking, and added the discussions between the two parties had involved a stake "much higher" than the 25 percent previously mentioned in some news reports.
