How much was KDB's rejected offer for Lehman Brothers? $6.40 a share for a controlling stake

Lehman wanted $17.50..... Sadly, KDB's rejected $6.40 bid is $6.40 more than shareholders are likely to get.

Lehman Brothers Holdings Inc. spurned Korea Development Bank's offer of $6.40 a share for a controlling stake in the weeks preceding its bankruptcy, the Korean bank's Chief Executive Officer Min Euoo Sung said.

The bid would have valued KDB's proposed investment at about 6 trillion won ($5.3 billion), Min told lawmakers in Seoul today. The price included a 30 percent premium for management control, he said, without disclosing how large a stake was sought.

Lehman, which traded as high as $66 this year, wanted $17.50 per share, causing the talks to collapse, Min said. Barclays Plc, the U.K.'s third-biggest bank, is considering buying parts of Lehman in Europe after agreeing to acquire its North American business for $1.75 billion following the 158-year-old Wall Street firm's bankruptcy on Sept. 15.

Lehman Spurned Korea Development Bank's Offer of $6.40 a Share - Bloomberg