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NEW YORK - Shares of Lehman Brothers Holdings Inc. were set to open higher Wednesday after a Korean newspaper reported that state-owned Korea Development Bank has made a bid to buy a 25 percent stake in the troubled investment bank.
| LEH | 0.13 |  0 |
Shares rose 11 cents to $16.24 in pre-market trading.
The Chosun Ilbo, South Korea's largest mass-circulation daily, reported that KDB said in its proposal that it would buy the stake by forming a consortium with other South Korean banks. The offer is reportedly as much as $5.3 billion.
The report came one day after KDB said it is in talks with prospective partners about a possible acquisition of the Lehman stake.
Speculation has been rampant in recent weeks that Lehman Brothers, considered to be the most vulnerable to the credit crisis, could seek a capital injection.
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