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
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