Judge approves $1.3bn Lehman deal

Politics & Business / Money And Finance

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Judge approves $1.3bn Lehman deal

A New York bankruptcy judge has backed a $1.3bn (£700m) plan for Barclays to buy the core business of collapsed US investment bank Lehman Brothers. The deal gives the UK bank ownership of Lehman's Manhattan skyscraper - worth nearly $1bn - as well as responsibility for some 9,000 former staff.
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