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Ticker Summary (LEH)

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Lehman Brothers, who recently filed the largest bankruptcy in history, has won U.S. Court approval to sell its business to Barclays for $1.75 billion. Barclays is the third largest bank in the U.K. Bankruptcy Judge James Peck overruled objections from Lehmans creditors who argued the deal was moving to quickly stating that it was clear that other purchasers would not emerge if he delayed the deal, and that the deal would help stabilize the financial markets.

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2 years 102 days ago by Tim

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