Nomura pays only $2 for Lehman Brothers European unit

Friday 26th September, 01:55 PM JST

TOKYO —

Nomura Holdings Inc paid only $2 for the European and Middle Eastern equities and investment banking operations of collapsed Lehman Brothers Holdings Inc, sources familiar with the transaction said Friday.

Nomura’s acquisition agreement with Lehman called for allowing Nomura to refrain from taking over the Lehman divisions’ assets, including the assets they had acquired for their proprietary trading, the sources said.

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7 Comments

namabiru4me at 02:42 PM JST - 26th September

Dang, I should have offered $2.50!!!!
Sarge at 07:34 PM JST - 26th September

Nomura got ripped off.
williamh at 05:59 AM JST - 27th September

I knew I shouldn't have bought that coffee this morning!
MitchS at 06:44 AM JST - 27th September

Bloomberg news says: Nomura Holdings Inc. paid $225 million for Lehman's Asian-Pacific division Perhaps JT got confused with yen.
ultradodgy at 10:52 AM JST - 28th September

Mitch - the price was for the Euro unit, not the Asia unit.

$2! Bought for the price of one share of Bear Stearns!
zzonkerr at 09:53 AM JST - 29th September

And I spent my Y200 on train fare. Damn!
unscrejects at 11:13 AM JST - 29th September

Sarge: McCain's idea - let the private sector take care of the troubled US firms. TWO BUCKS SURE BEATS THAT NUMBER THAT SCARED THE PANTS OFF HIM LAST WEEK