Shares of Lehman Brothers Holdings Inc. rose Friday after Korea Development Bank said it is "considering" an investment in the company.

"KDB is considering all kinds of options, including Lehman Brothers," a KDB spokesman said Friday; he declined to elaborate.

An earlier Reuters report had cited a spokesman as saying the government-controlled bank was "open to" possibilities including a purchase of Lehman.

Lehman's shares closed up 5%, though they had been up more during the trading session.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.