Lehman To Seek $2.6 Billion To Buy Controlling Stake In Archstone - Bloomberg News
December 06 2011 - 9:28PM
Dow Jones News
Lehman Brothers Holdings Inc. (LEHMQ) is in talks with investors
including Blackstone Group LP (BX) and Brookfield Asset Management
Inc. (BAM) to raise $2.6 billion to buy a controlling stake in
Archstone, as part of a plan to sell or liquidate it for $6 billion
or more, Bloomberg News reported Wednesday, citing unnamed people
familiar with the plan.
Lehman spokeswoman Kimberly Macleod declined to comment on the
firm's plans for Archstone, the report said.
Full Story:
http://www.bloomberg.com/news/2011-12-06/lehman-says-archstone-is-worth-more-than-implied-by-equity-residential-bid.html
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