Barclays agreed to buy Lehman Brothers banking division for $250 million cash! But the Barclays Lehman Brothers buy out doesn’t end there. Barclays is paying $250 million for Lehman’s banking business (I.B. and cap markets) but spending $1.5 billion for Lehman’s New York offices and two data centers in New Jersey.
Barclays PLC is ranked as the 25th largest company in the world according to Forbes Global 2000 (2008 list) and the fourth largest financial services provider in the world according to Tier 1 capital ($32.5 billion). It is the third largest bank in the United Kingdom based on market capitalisation.
