Saturday, September 27, 2008
Apparently that's $2, not $2 a share. Heck, I would have given $20.
Possibly something lost in translation.
Nomura pays only $2 for Lehman Brothers European unit
Friday 26th September, 01:55 PM JST
TOKYO —
Nomura Holdings Inc paid only $2 for the European and Middle Eastern equities and investment banking operations of collapsed Lehman Brothers Holdings Inc, sources familiar with the transaction said Friday.
Nomura’s acquisition agreement with Lehman called for allowing Nomura to refrain from taking over the Lehman divisions’ assets, including the assets they had acquired for their proprietary trading, the sources said.
© 2008 Kyodo News. All rights reserved. No reproduction or republication without written permission.
Possibly something lost in translation.
Nomura pays only $2 for Lehman Brothers European unit
Friday 26th September, 01:55 PM JST
TOKYO —
Nomura Holdings Inc paid only $2 for the European and Middle Eastern equities and investment banking operations of collapsed Lehman Brothers Holdings Inc, sources familiar with the transaction said Friday.
Nomura’s acquisition agreement with Lehman called for allowing Nomura to refrain from taking over the Lehman divisions’ assets, including the assets they had acquired for their proprietary trading, the sources said.
© 2008 Kyodo News. All rights reserved. No reproduction or republication without written permission.
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