Posted AT 7:06 AM EST on 04/09/08
Japanese bank denies Lehman report
TOKYO — — Japan's Mitsubishi UFJ Financial Group said it has no plans to invest in Lehman Brothers denying a media report that it may bid for a stake in the subprime-hit U.S. investment bank.
The Times of London said Japan's largest bank was ready to bid for a “substantial stake” of Lehman, and may seek control of the Wall Street firm, sending shares of the U.S.
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