Nomura buys Lehman Brothers Asia units for $225 million

Tuesday 23rd September, 07:28 AM JST

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11 Comments

DeepAir65 at 10:24 AM JST - 23rd September

does Lehman's Asia cover Japan? A lot of companies have Japan as a separate "region"
fatloser at 11:43 AM JST - 23rd September

Nomura will be unable to motivate the workers and instill the same sense of pride that Lehman did.
ultradodgy at 11:57 AM JST - 23rd September

Yes, amazingly Nomura has indeed bought the Japan operations as well. Whodda thunk?

Pride? HAHAHAHAHAHA! I think they will be able to instill in them something more important, something that Lehman couldn't: that "having a job" feeling.
fatloser at 12:29 PM JST - 23rd September

Nuy-Nyuk. She'll be apples mate,eh!!!!!!!!!!! By gar ya got a point. Lehman was a job and Nomura is a job!!!!!!!! That's a bit dodgy,eh!!
wanderlust at 03:51 PM JST - 23rd September

deepair

Think you'll find it is more of, "Does Lehman's Japan cover Asia?" Tokyo and London were there two regional hubs, with Hong Kong and Singapore, and more recently India, under Japan's control.

Certainly, having been burnt by Lehman's "One Firm" mantra, with the speedy recall of funds to New York and effectively abandoned by HQ, the non-US operations will be more sceptical of corporate BS.
irabujapanu at 04:07 PM JST - 23rd September

Good for Lehman people in Japan, atleast they have a job..hopefully they wont mind working 16 hrs a day and getting atleast 50% salary cut.. good part of the deal is better to get bought by a japanese bank than chinese!
cwhite at 06:01 PM JST - 23rd September

gives the Lehman guys time to look for a new job. If Nomura is smart they will change nothing, if they are dumb as I expect the top 10% bringing in 90% of the cash flow will vanish overnight.
Altria at 09:38 AM JST - 24th September

Could be a good deal in theory, but I bet the Nomura people are gonna love their new colleagues making twice as much as them.
kenchan at 12:10 PM JST - 24th September

cwhite> ur joking right? "bringing in the money"? You think the bankruptcy was no-one's fault? Nomura will have to integrate and take the best from the old lehman operations and dump the rubbish (which must have been part of the due diligence exercise).
usaexpat at 12:24 AM JST - 25th September

A good buy this will trun out to be. The sad thing about this crisis is that while Lehman and others had bad debt, they also had a great potential to make money if they could raise capital. These companies are not bankrupt in the traditional sense. They are merely victims of the credit meltdown. I would say banks and investment houses picking up pieces of Lehman and Behr Stearns will in the end be the big winners as things finally bottom and head back up.
kenchan at 01:48 AM JST - 25th September

uasexpat> yes, its just another business cycle that no one forsaw but will happen because business is run by humans with their ever present human errors.