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To: Ron who wrote (145543)9/22/2008 1:25:23 PM
From: T L Comiskey  Read Replies (1) | Respond to of 361303
 
22 September 2008 16:04 UK

Nomura buys Lehman's Asian unit
The BBC Online

Japanese investment bank Nomura has confirmed that it will buy the Asia-Pacific business of Lehman Brothers for an undisclosed sum.

The lucrative Asian assets of the failed US bank include equity trading and investment banking operations.

The acquisition would allow Nomura, which has Japan's top mergers and acquisitions advisory service, to expand quickly outside the country.

It is also thought that Nomura wants to buy parts of Lehman's European assets.

Reports that a deal had been agreed sent Nomura shares up 9.6% in Tokyo to 1,430 yen earlier.