plans to pay $225 million for the Asian operations of
, 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
Lehman employs almost 3,000 people in the Asia Pacific region.
This article was written by a staff member of TheStreet.com.