Lehman may face failure, Merrill may be bought | WHAT REALLY HAPPENED


Lehman may face failure, Merrill may be bought

*Talks to sell Lehman falter, Barclays pulls out

*Concerns grow that bankruptcy filing may be imminent

*Bank of America may buy Merrill -- report

*AIG expected to sell assets --report

*Emergency Sunday trading session set (Recasts, updates throughout, adds reports on Merrill, AIG)

Webmaster's Commentary: 

Deal for Merrill has happened.

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