Lehman buys rest of Archstone for $1.6bn

By Mike Maher:The leveraged buyout of Archstone-Smith Trust by Lehman Brothers and Tishman Speyer in late 2007 was a deal done almost exactly at the top of the market, which saddled Lehman with crushing debt that helped push the investment bank into bankruptcy. Four years later, with a new buyer circling Archstone, Lehman is scrambling to salvage the deal, loath to give up on the company.

Archstone Inc, the apartment building owner and developer owned by Lehman Brothers Holdings Inc, said on Monday it plans to raise up to $3.45 billion in its initial public offering, making it the biggest ...

(Reuters) - Archstone Inc, the apartment building owner and developer owned by Lehman Brothers Holdings Inc, said on Monday it plans to raise up to $3.45 billion in its initial public offering, making it the biggest U.S.

NEW YORK (Reuters) - Lehman Brothers Holdings Inc,

NEW YORK (Reuters) - Lehman Brothers Holdings Inc, one of three owners of Archstone, has reached a deal to buy the last portion of the apartment company it does not own for $1.58 billion, said a source familiar with the deal on Thursday. Lehman will buy the 26.5 percent of Archstone that it already does not own from Bank of America Corp and Barclays Plc . In January, Lehman bought half the banks' stake, or 26.5 percent of the Archstone, for $1.325 billion. That came after Barclays and Bank of America agreed to sell the 26.5 percent stake to Equity Residential , whose chairman is Sam Zell. ...

By Peter Pham:The collapse of Lehman Bros, which precipitate the global financial crisis, has left the company with very few options.

Several moments ago, TSLA (hardly) surprised the world when it filed an open-ended S-3 (Shelf) statement, as many had expected it was only a matter of time before the company used the recent surge in its stock price to sell shares. Then, a few moments later, TSLA once again (hardly) surprised the world when it announced a joint $450 million convertible bond and 2.7 million share common stock offering.