<P> Luc Despins, the creditors committee counsel, said: "The reason we're not objecting is really based on the lack of a viable alternative . We did not support the transaction because there had not been enough time to properly review it ." In the amended agreement, Barclays would absorb $47.4 billion in securities and assume $45.5 billion in trading liabilities . Lehman's attorney Harvey R. Miller of Weil, Gotshal & Manges, said "the purchase price for the real estate components of the deal would be $1.29 billion, including $960 million for Lehman's New York headquarters and $330 million for two New Jersey data centers . Further, Barclays will not acquire Lehman's Eagle Energy unit, but will have entities known as Lehman Brothers Canada Inc, Lehman Brothers Sudamerica, Lehman Brothers Uruguay and its Private Investment Management business for high - net - worth individuals . Finally, Lehman will retain $20 billion of securities assets in Lehman Brothers Inc that are not being transferred to Barclays . Barclays had a potential liability of $2.5 billion to be paid as severance, if it chooses not to retain some Lehman employees beyond the guaranteed 90 days . </P> <P> On September 22, 2008, Nomura Holdings, Inc. announced it agreed to acquire Lehman Brothers' franchise in the Asia Pacific region including Japan, Hong Kong and Australia . The following day, Nomura announced its intentions to acquire Lehman Brothers' investment banking and equities businesses in Europe and the Middle East . A few weeks later it was announced that conditions to the deal had been met, and the deal became legally effective on Monday, October 13 . In 2007, non-US subsidiaries of Lehman Brothers were responsible for over 50% of global revenue produced . </P> <P> The Dow Jones closed down just over 500 points (− 4.4%) on September 15, 2008, at the time the largest drop by points in a single day since the days following the attacks on September 11, 2001 . (This drop was subsequently exceeded by an even larger − 7.0% plunge on September 29, 2008 .) </P> <P> Lehman's bankruptcy was expected to cause some depreciation in the price of commercial real estate . The prospect for Lehman's $4.3 billion in mortgage securities getting liquidated sparked a selloff in the commercial mortgage - backed securities (CMBS) market . Additional pressure to sell securities in commercial real estate was feared as Lehman got closer to liquidating its assets . Apartment - building investors were also expected to feel pressure to sell as Lehman unloads its debt and equity pieces of the $22 billion purchase of Archstone, the third - largest United States real estate investment trust (REIT). Archstone's core business was the ownership and management of residential apartment buildings in major metropolitan areas of the United States . Jeffrey Spector, a real - estate analyst at UBS said that in markets with apartment buildings that compete with Archstone, "there is no question that if you need to sell assets, you will try to get ahead" of the Lehman selloff, adding "Every day that goes by there will be more pressure on pricing ." </P>

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