UPDATE 2-Lehman in talks to sell part of firm to Barclays-WSJ

martes 16 de septiembre de 2008 06:02 CEST

(Adds details, background)

NEW YORK, Sept 15 (Reuters) - Lehman Brothers LEH.P is in talks to sell parts of the company to Barclays Plc (BARC.L: Cotización), with the potential for an agreement to be reached as early as Tuesday, the Wall Street Journal reported on its website.

The report late on Monday came after Barclays confirmed it had considered a bid for all of Lehman, whose holding company filed for Chapter 11 bankruptcy protection on Monday after failing to find a buyer over the weekend.

A source told Reuters on Monday the British bank had pulled out of the bidding for the entire firm because a deal would have required it to guarantee Lehman's trading obligations.

Lehman became the largest U.S. bankruptcy and the highest-profile casualty of the global credit crisis.

Citing unidentified people briefed on the discussions, the WSJ said Lehman executives were at the company's New York headquarters trying to create a plan that would preserve many jobs and operations of Lehman.

A Lehman representative declined comment on the latest report and a U.S. representative for Barclays was not immediately available for comment.

The latest deal under discussion would fold Lehman's core business -- underwriting stocks and bonds, providing merger advice, and securities trading -- into Barclays, UK's third-largest bank, according to the Journal.

But the deal was not certain and questions remained such as the price Barclays might pay and what would happen to Lehman's toxic mortgage-security and real estate assets, according to the story.   Continuación...