Sam Zell's Equity Residential hired Hogan Lovells, Kaye Scholer, and Simpson Thacher & Bartlett to act as counsel for advising on the proposed sale of a stake in a Lehman Brothers–backed apartment owner for $1.3 billion. Equity Residential has settled to buy a 26.5 percent stake in Archstone from Bank of America and Barclays. The deal is taking place four years after Lehman Brothers, Bank of America, and property developer Tishman Speyer took Archstone private in a $22.2 billion leveraged takeover. Lehman now has 10 days to match the Archstone offer made by Equity Residential.
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Hogan Lovells, Kaye Scholer, and Simpson Thacher & Bartlett Advise On $1.3 Billion Deal
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