It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Barclays buy US Lehman bros in firesale

page: 1
0

log in

join
share:

posted on Sep, 20 2008 @ 05:47 AM
link   

Barclays buy US Lehman bros in firesale


uk.news.yahoo.com

NEW YORK (Reuters) - A U.S. bankruptcy judge approved a revised version of Barclays' deal to purchase the core U.S. business of Lehman Brothers.

In a Manhattan court hearing that started on Friday and lasted past midnight, U.S. Bankruptcy Judge James Peck approved the sale, saying he had found no better alternative for the assets Lehman sought to sell.
(visit the link for the full news article)




posted on Sep, 20 2008 @ 05:47 AM
link   
LEhman wouldn`t take the much higher price Barclays offered - so now they pick through the corpse and take what they want - which won`t be management for sure;

at least some jobs will be saved

uk.news.yahoo.com
(visit the link for the full news article)



posted on Sep, 20 2008 @ 05:52 AM
link   

Originally posted by Harlequin


LEhman wouldn`t take the much higher price Barclays offered - so now they pick through the corpse and take what they want - which won`t be management for sure;

at least some jobs will be saved

uk.news.yahoo.com
(visit the link for the full news article)

What you mean Lehman wouldn't take the higher price?
You mean before they collapsed?Barclay's gave an offer before that?
And they rejected it?So then could we think Barclay's had something to do with there demise?



posted on Sep, 20 2008 @ 06:22 AM
link   
3 other banks made offers to buy Lehman bros last week and `the gorilla` rejected them all wanting more money - well that `more money` never came and the bank went bust.



new topics

top topics
 
0

log in

join