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Barclays to Buy Lehman Banking Businesses

Stock quotes in this article: LEH , BAC , MER  

Barclays plans to acquire substantially all of the North American businesses of Lehman Brothers (LEH Quote) for $250 million in cash, plus debt.

The U.K. bank also plans to buy the New York headquarters of Lehman and two data centers in New Jersey for about $1.45 billion.

Barclays was one of Lehman's two main suitors before talks collapsed over the weekend. Barclays backed out and the other suitor, Bank of America(BAC Quote), bought Merrill Lynch(MER Quote) instead. ...

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