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Japanese Firm Buys Lehman's Asian Assets

Nomura Holdings wins auction to pay $225M

By Matt Cantor, Newser Staff

Posted Sep 22, 2008 4:02 AM CDT

(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.

Shown is Nomura Holdings Inc. in Tokyo Tuesday, April 22, 2008. (AP Photo/Koji Sasahara)

In this April 22, 2008 file photo, a guard looks at a man entering the headquarters of the Nomura Holdings Inc. in Tokyo. (AP Photo/Koji Sasahara, File)

People work inside the Lehman Brothers headquarters in New York, Tuesday, Sept. 16, 2008. (AP Photo/Mary Altaffer)

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Japanese Firm Buys Lehman's Asian Assets

Nomura Holdings wins auction to pay $225M

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US Bank Lending Falls at Fastest Rate in History

Figures spark renewed fears that feds are at a loss

Huge Tuna Fetches $176K

Rare bluefin pulls in even rarer sum at Japanese auction

Old Capone Hideout for Sale

$2.6M gets you 407 acres and nostalgia in Wisconsin

Banks Get Back to Risky Business as Usual

Plans to overhaul regulation losing momentum as banks return to health

Bernanke: Risks Remain Despite Stress Tests

But Fed chief is encouraged by bank response

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Japanese Firm Buys Lehman's Asian Assets

Nomura Holdings wins auction to pay $225M

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OTHER STORIES ON OUR RADAR

Japan • auction • bank • Lehman Brothers • credit crisis

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

US Bank Lending Falls at Fastest Rate in History

Figures spark renewed fears that feds are at a loss

Huge Tuna Fetches $176K

Rare bluefin pulls in even rarer sum at Japanese auction

Old Capone Hideout for Sale

$2.6M gets you 407 acres and nostalgia in Wisconsin

Banks Get Back to Risky Business as Usual

Plans to overhaul regulation losing momentum as banks return to health

Bernanke: Risks Remain Despite Stress Tests

But Fed chief is encouraged by bank response

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?