Following: LEH Market cap - $206.7 million Total shares - 689 million
New cash after sale of broker unit - $2 billion. Not knowing under laws of bankruptcy laws, is it safe to assume that $2 billion adds to the market cap? If so, $2 billion on 689 million shares = $2.9/share.
I know we need to look at assets and liabilites, however as of prior to filing BK, my understanding is that LEH had positive equity after taking out all assets. How does anyone else value this LEH sale and other sales that will take place in the future?
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