NEW YORK (AP) — THE DEAL: Bank of America Corp. and Barclays Bank PLC are selling their 26.5 percent stake in the apartment building owner Archstone to Lehman Brothers Holdings Inc.'s bankruptcy estate for $1.58 billion. This gives Lehman's estate full ownership of Archstone. (full story)
NEW YORK (AP) — Bank of America Corp. and Barclays Bank PLC are selling their stake in the apartment building owner Archstone to Lehman Brothers Holdings Inc.'s bankruptcy estate for $1.58 billion. (full story)
Lehman Brothers Holdings Inc. announced today that it has exercised its right of first offer to purchase the remaining stake in Archstone held by affiliates of Bank of America and Barclays Capital ("the Banks"), which will give Lehman full ownership of Archstone. (full story)
NEW YORK (AP) — Lehman Brothers Holdings Inc.'s bankruptcy estate has reached a deal to acquire a bigger stake in apartment-building owner Archstone for $1.58 billion, according to a published report. (full story)
Lehman Brothers Holdings Inc. announced today that its bankruptcy plans in the SunCal bankruptcy cases have gone effective and as a result Lehman has taken title to a portfolio of California properties formerly owned by affiliates of the SunCal Companies. The plans were confirmed by the SunCal bankruptcy court in California in October 2011 and approved by the Lehman bankruptcy court in New York in July 2011. (full story)