Date:18/09/2008 URL: http://www.thehindu.com/2008/09/18/stories/2008091856581700.htm

Business

Barclays to buy Lehman U.S. units

LONDON: The U.K. banking giant Barclays on Wednesday announced it will acquire financial services major Lehman Brothers’ North American investment banking, capital markets operations and supporting infrastructure for $1.75 billion. The board of Barclays announced that the bank had agreed for the acquisition subject to the U.S. Court and relevant regulatory approvals.