Japanese Firm Buys Lehman's Asian Assets

Nomura Holdings wins auction to pay $225M
By Matt Cantor,  Newser User
Posted Sep 22, 2008 4:02 AM CDT
Shown is Nomura Holdings Inc. in Tokyo Tuesday, April 22, 2008.    (AP Photo/Koji Sasahara)
camera-icon View 2 more images

(Newser) – Japan’s Nomura Holdings won an auction to buy bankrupt Lehman Brothers’ Asian assets for $225 million, the Wall Street Journal reports. Healthy Japanese firms like Nomura are pouncing on the Wall Street crisis as a means to expand. Lehman has 2,940 workers in the region, where the company collected revenues of $1.4 billion in the first half of 2008.