The bankrupt Lehman Brothers Holdings Inc. on Tuesday afternoon was near announcing a deal to sell its U.S. investment banking operations for a little less than $2 billion to Barclays PLC of London, according to published reports.
Barclays had been in talks with Lehman to buy the entire firm before it filed for bankruptcy protection on Monday.
The potential deal centers on Lehman’s core U.S. broker-dealer operations, according to the Financial Times.
Those services include securities underwriting, providing advices on mergers and acquisitions, and making trades.
The two sides are still working to finalize the deal’s final details, but an announcement could come late Tuesday or Wednesday, the Financial Times said.
Sarah Naegele, a Lehman spokeswoman, declined to comment.
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