Nomura To Buy Lehman Asian Assets: Report
Nomura plans to pay $225 million for the Asian business of Lehman Brothers, according to a media report.
Japan's
Nomura Holdings
plans to pay $225 million for the Asian operations of
Lehman Brothers
, according to a media report.
Nomura, which won the auction for Lehman's Asian business Monday, will acquire the equities and investment banking operations of Lehman across Asia, but not its balance sheet, the
Wall Street Journal
reports.
Lehman employs almost 3,000 people in the Asia Pacific region.
This article was written by a staff member of TheStreet.com.