Lehman Brothers Holdings Inc. (fka LEHMQ)

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Lehman in New Talks to Sell Assets to Barclays

Lehman in New Talks to Sell Assets to Barclays
By Jeffrey McCracken, Matthew Karnitschnig, Carrick Mollenkamp and Susanne Craig
Word Count: 517 | Companies Featured in This Article: Lehman Brothers Holdings


Lehman Brothers Holdings Inc. Monday night was negotiating a last-minute plan to sell large portions of itself to Barclays PLC, the U.K. bank that has been circling the U.S. investment house. Barclays Americas Chairman Archibald Cox Jr. was leading the talks, and an agreement is hoped to be reached by Tuesday, said a person involved in the talks.

Lehman's top executives were huddled at the bank's Manhattan headquarters trying to craft a plan that would preserve many Lehman jobs and operations, say people briefed on the discussions.

A deal wasn't certain, and many questions remain. Chief among them: The fate ...

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