Lehman Bros Sells Half of its Stake in Daiei Department Store

Daiei department store is a large supermarket chain in Japan. It is also one of the more reasonably priced stores…hard to find in "if it's cheap, it ain't no good" Japan.

Lehman Bros. Japan, Inc, a brokerage arm of Lehman Brothers Inc. in the U.S. sold 23.29 million Daiei shares, (11.79%).

Just a couple of days ago, Lehman Bros bought a 23.59% stake from Advantage Partners LLP with the intent of selling some of the shares to institutional investors.

Well, it seems the were able to follow through.

Let's see – lets buy a 25% stake and then sell off half of that -. Is that what goes on in board rooms?

All, I know, is therea are a lot of expats in Japan that hope Daiei can keep their prices down.

What do you think?