×

BREAKING NEWS FROM CNBC'S KATE KELLY: U.S ARM OF GOLDMAN SACHS PRINCIPAL STRATEGIES IN TALKS WITH POTENTIAL ACQUIRERS

WHEN: TODAY, WEDNESDAY, SEPTEMBER 8TH AT 10:50AM ET

WHERE: CNBC'S "SQUAWK ON THE STREET"

Following is the unofficial transcript. All references must be sourced to CNBC.

KELLY: WE HAVE A NEW DEVELOPMENT THIS MORNING ON GOLDMAN SACHS PRINCIPLE STRATEGIES THE PROP TRADING UNIT IN GOLDMAN SACHS EQUITY DIVISION WHICH I UNDERSTAND IS IN DISCUSSIONS WITH A HANDFUL OF POTENTIAL ACQUIRERS INCLUDING KKR IT SOUNDS AS THOUGH THE U.S. ARM OF GSPS WHICH IS A FEW DOZEN TRADERS UNDER FIFTY I AM TOLD ACTUALLY MAY BE ACQUIRED BY A PRIVATE EQUITY FIRM LIKE KKR IN THE U.S. THE ASIAN AND EUROPEAN ARMS OF GSPS UNCLEAR THAT THEY ARE INVOLVED WE HAVE REPORTED THAT MORGAN ZI WHO RUNS THE UNIT GLOBALLY OUT OF HONG KONG MAY BE EXPLORING OPTIONS FOR STARTING HIS OWN HEDGE FUND AND I AM TOLD THOSE PLANS ARE UNCHANGED BUT THERE ARE TALKS GOING ON THE VALUATION IS UNCLEAR BUT WE WILL KEEP YOU ON THE DEVELOPING STORY

About CNBC:
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.

Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.