Barclays Eyes Certain Lehman Assets

Barclays PLC, London, has confirmed its interest in a possible acquisition of "certain Lehman Brothers assets on terms that would be attractive to Barclays shareholders." The British-owned investment bank said there would be "no assurance that the discussions will result in an agreement." The company also has confirmed that it "considered a combination with Lehman Brothers" prior to Lehman Brothers Holding Inc.'s bankruptcy filing and "did not proceed because it was not possible to conclude a transaction in the best interests of Barclays shareholders."

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