Barclays PLC has reached an agreement to buy Lehman Brothers Holdings Inc.'s U.S. capital-markets businesses, and as many as 9,000 Lehman employees will find jobs with the U.K. bank, according to people familiar with the situation.

The deal was to be put before a New York bankruptcy court judge for approval Tuesday evening and Lehman's creditors were to meet after the judge issued his ruling. An official announcement was not expected until this morning.

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