Lehman, UBS issue billions in stock
Lehman Brothers has priced a $4 billion offering of four million shares of convertible preferred stock.
Investment management firms Lehman Brothers Holdings Inc. and UBS AG are issuing billions of dollars worth of new stock into the market, amid heavy losses mounting from the subprime meltdown.
Lehman Brothers announced late yesterday that it has priced a $4 billion offering of four million shares
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