Lehman (LEH), Shedding Non-Core Assets, Buys A Bicycle Company

As Lehman (LEH) CEO Dick Fuld rushes around the world desperately looking for capital to save the firm, Lehman’s merchant bank took a 40% stake in Sram Corp, a Chicago-based bicycle component manufacturer.

We have no doubt that bicycle components are a fantastic investment. But given that Lehman is seemingly a breath away from financial ruin, couldn’t the money be put to better use?

See Also: Lehman CEO Scrambling To Raise Capital
Desperate Lehman May Dump Entire Investment Management Division

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