BusinessBusiness RecoveryNomura is Lehmans sole bidder

Nomura is Lehmans sole bidder

Barclays drops out of race to secure the parts of Lehman Brothers UK and Europe which are still solvent

Japanese bank Nomura has been revealed as the sole bidder for Lehman
Brothers.

Administrators from PricewaterhouseCoopers are thought to believe a deal with
Nomura would save more jobs because of its interest in both the investment
banking and equities businesses.

Joint adminstrator Dan Schwarzmann said yesterday: ‘We have now focused on
one party as they are interested in acquiring a wider team, which should result
in a better deal for staff and creditors of these businesses. Given the
complexity of Lehman Brothers, these negotiations are difficult, but I’m hoping
to give certainty to all involved as soon as possible.’

Rival bidder Barclays was thought only to be interested in the investment
banking side of Lehman Bros UK and European operations.

Further reading:

One
bidder left for Lehman Brothers, says PwC

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