Economy - Barclays Deal With Lehman Brothers Not In Holders Interest

LONDON -(Dow Jones)- Barclays said Monday that it had considered a combination with Lehman Brothers and did not proceed because it was not possible to conclude a transaction in the best interests of Barclays shareholders.

Barclays also said that its Investment Banking and Investment Management businesses, scheduled for September 15, in London and Tuesday September 16 in New York, has been postponed and will be re-arranged.

The company's decision to postpone is driven by developments related to Lehman Brothers over the weekend.

Source : Cnn