Japanese Firm Snaps Up 2 Lehman Units

Law360, New York (September 23, 2008, 12:00 AM EDT) -- In less than 24 hours, Nomura Holdings Inc., Japan's biggest securities firm, has scooped up two units of bankrupt Lehman Brothers Holdings Inc., reaching an agreement on Tuesday to acquire the investment bank's European and Middle Eastern equities and investment banking operations, just one day after purchasing Lehman's Asia Pacific franchise.

Nomura said in a statement that it paid an undisclosed but “nominal” sum for the European and Middle Eastern unit, which includes Lehman's operations in the United Kingdom, Spain, Italy, Germany, Sweden, The Netherlands, Qatar,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.