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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