We’re still waiting on additional information about this, but it appears that Barclays has gone through and put Lehman Brothers out of it’s misery.
From Bloomberg:
Barclays is paying $250 million in cash for the Lehman businesses and $1.5 billion for the securities firm’s New York headquarters and two data centers, the London-based bank said in a statement on its Web site today. The operations employ about 10,000 people.
Lehman is selling off pieces of itself that weren’t included yesterday when the holding company filed the biggest Chapter 11 bankruptcy in history. Barclays President Robert Diamond said last month he wants the bank to take market share from Wall Street firms weakened by the credit crunch and break into the “top tier” of U.S. securities firms.
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