With Ownership Resolved, What’s Next For Archstone?

The battle with Equity Residential (NYSE: EQR) for control of Archstone is apparently nearing an end. Lehman Brothers Holdings Inc. announced it has exercised its right of first offer to purchase the remaining stake in the apartment company held by affiliates of Bank of America and Barclays Capital.

The deal will block EQR and will give Lehman full ownership of Archstone. As such, “we will now be able to move forward and pursue monetization opportunities…
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