Collapsed Lehman can sell units to Barclays: Judge

A New York bankruptcy judge has approved a plan by Lehman Brothers to sell its investment banking and trading businesses to the British bank Barclays.

Collapsed Lehman can sell units to Barclays: Judge
Sat, 20 Sep, 2008 - 09:42

A New York bankruptcy judge has approved a plan by Lehman Brothers to sell its investment banking and trading businesses to the British bank Barclays.

The deal was said to be worth $1.75bn (€1.2bn) earlier in the week, but the value was in flux after lawyers announced changes to the terms.

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CourtsBusinessHeathrowPlace: New YorkPlace: midtown ManhattanPlace: USPlace: North AmericaPlace: CanadaPlace: ArgentinaPlace: New JerseyPlace: Lower ManhattanPerson: Harvey MillerPerson: Barry RidingsPerson: MillerPerson: BushPerson: Daniel GoldenOrganisation: LehmanOrganisation: BarclaysOrganisation: Lehman BrothersOrganisation: Weil,Organisation: Gotshal & MangesOrganisation: Barclays’Organisation: Lazard Ltd.Organisation: Bank of AmericaOrganisation: BofAOrganisation: Merrill LynchOrganisation: Lehman Brothers SudamericaOrganisation: Neuberger BermanOrganisation: Securities Investor Protection CorporationOrganisation: US Bankruptcy CourtOrganisation: Resolution Trust CorporationOrganisation: Akin Gump Strauss Hauer & Feld LLPOrganisation: Fed
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