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Lehman May Be Considering Bid for Bear Stearns: Report

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Lehman Brothers


may be considering a bid for

Bear Stearns


, but Lehman's interest is believed to be at a very early stage, and observers say there is only a slim chance of an offer, according to a report in

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The Financial Times


According to the report, analysts say Lehman is attracted by the clearing business of Bear Stearns. However, analysts said Lehman may be put off by cultural issues and by the high price being demanded by Bear's management, the newspaper reported.

Shares of Lehman lost $3.81, or 6.2%, to $57.75 in

New York Stock Exchange

trading Wednesday, while Bear Stearns lost $2.75, or 4.6%, to $56.81, also in Big Board activity.