Apartment Building Owner Oks Buyout ; $15.5b Deal for Archstone Smith
The Record, Bergen County, NJ › May 30, 2007
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Summary
NEW YORK Archstone-Smith, a major owner of apartment buildings, said Tuesday that it has agreed to a Tishman Speyer-led buyout valuing the company at about $15.5 billion, but investors indicated they were expecting a higher bid.
Tishman Speyer, owner of New York's Rockefeller Center and the Chrysler building, was joined by Lehman Bros. Holdings Inc. in the friendly takeover bid, which would turn one of the largest publicly traded real estate trusts over to private investors.See the full content of this document
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Apartment Building Owner Oks Buyout ; $15.5b Deal for Archstone Smith
The buyout provides further evidence of a booming ma...
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