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    Nomura 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

    Author Date published September 23, 2008 Categories

    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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