Firms may be left holding worthless equity in Archstone LBO

01/21/2008 | Barron's (subscription required) · Reuters

Lehman Brothers Holdings, Banc of America Strategic Ventures and Barclays Capital may be left holding some equity in the $22.2 billion leveraged buyout of Archstone-Smith, a leading real estate investment trust. Based on current REIT prices, that equity could be valued at zero.

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Barron's (subscription required) · Reuters

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