Fight for Archstone stake is still not over

04/16/2012 | Wall Street Journal, The

Lehman Brothers still owns a 73.5% stake in Archstone and may well increase its ownership, but Sam Zell, head of Equity Residential, has not given up his quest for a piece of the company. Lehman successfully exercised its right of first offer for the remaining 26.5% stake, but Zell has an option to bid on Barclays and Bank of America's piece by Thursday.

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