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Sep 22, 2008 4:58 am US/Pacific
Nomura Holdings To Purchase Lehman's Asia Units
British Bank's Move Would Save Many Jobs Expected To Be Wiped Out By Collapse
HONG KONG (AP) ―
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Michael Nagle/Getty Images
Three people familiar with the matter say Japan's largest brokerage Nomura Holdings is buying the Asian assets of bankrupt Wall Street firm Lehman Brothers Holdings Inc.
The people, who asked not to be identified because of the sensitivity of the matter, said Nomura succeeded in its bid for Lehman's Asian operations on Monday.
The Wall Street Journal reported that the deal is worth $225 million.
Calls to Nomura's offices in Tokyo rang unanswered Monday evening. Messages left with representatives for Nomura and Lehman Brothers in Hong Kong were not immediately returned.
Lehman, once the No. 4 investment bank in the U.S., filed for bankruptcy last week.
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