Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

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Preferred and common will also be in the market..

I think old commons will get wiped or diluted @ 99%.


And or, all old preferred and commons may just receive CVR distributions.

I think js would trade again in the open market (if LBHI decides to use the kitten) and CT’s (because they already are and according to paperwork they can’t be redeemed for less than $25)

I’m thinking old js + new js + new common stock and some creditors keeping there debt after those loans are restructured.



https://www.investopedia.com/terms/c/cvr.asp

https://www.wsj.com/articles/barclays-reshuffles-leadership-for-post-jes-staley-era-11636473118

C.S. Venkatakrishnan took over leadership of the London-based lender vowing to build on Mr. Staley’s strategy of expanding both retail banking operations in the U.K. and a trans-Atlantic investment bank that includes the former U.S. operations of Lehman Brothers.

Keyword : trans-Atlantic


https://en.m.wikipedia.org/wiki/Transatlantic_relations

Transatlantic relations refer to the historic, cultural, political, economic and social relations between countries on both side of the Atlantic Ocean. Sometimes it specifically means relationships between the Anglophone North American countries (the United States and Canada), and particular European countries or organizations, although other meanings are possible.

Some here had said the new Lehman will not include Barclays because Lehman is america and Barclays is not.

But The whole point of trans-Atlantic means it is covering multiple sides of the ocean. As defined it is United States and Europe (Canada also but irrelevant in this case to us)