Tokyo-based Nomura plans to announce the acquisition of the U.S. bank's
Asian fixed-income, equity and investment banking operations later
Monday, a source said.
PricewaterhouseCoopers LLP, the London-based administrator for
Lehman's European arm, assessed competing bids from Nomura and Barclays
for some of the European operations.
Barclays last week agreed to buy
Lehman's North American banking business for $1.75 billion and said it
was looking at Lehman assets elsewhere in the world. A U.S. bankruptcy
court Saturday approved the Barclays deal as it emerged that the price
had fallen to $1.29 billion because of a decline in the value of
securities included in the transaction, as well as renegotiated
appraisals of the real estate being sold.
- Paul WhitfieldAlso See:
Nomura wins Lehman Asian assets Lehman sale approved, value drops
