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Wednesday, April 7, 2010 as of 11:14 AM ET

Sam Zell

    Sam Zell

    Samuel "Sam" Zell (born September 28, 1941) is an American businessman. He is Chairman of Equity Group Investments, L.L.C.

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    2. Leveraged Buyout
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    Get updates on Sam Zell
    Lehman Confirms It Will Buy The Rest Of Archstone For $1.58 Billion

    Lehman Brothers Holdings Inc.

    confirmed its will buy the 26.5% stake in Archstone it doesn't already own for $1.58 billion, ending a high-stakes battle over the control of the apartment giant.The Wall Street Journal late Thursday reported the failed investment bank, which emerged from bankruptcy under a liquidation plan earlier this year, planned to buy the stake from Bank of America Corp. (BAC) and Barclays PLC (BCS), which together partnered with Lehman to buy Archstone in a 2007 leveraged buyout valued at $22 billion.Archstone owns more than 70,000 apartment buildings in the U.S. and Germany. Lehman initially owned a 47% stake in the company and the banks owned the rest.Late last fall, Equity Residential (EQR), chaired by Chicago real-estate investor Sam Zell, made a bid to buy half of the two banks' 53% stake in Archstone for $1.33 billion. But Lehman didn't want to share control of Archstone, setting off a complex battle for the past six months between Lehman and Zell.To block Zel...

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    1. Lehman Says Archstone Co-Owners Are Breaching Contract

      Lehman Brothers Holdings Inc. (LEHMQ) lashed out at Sam Zell's deal with Bank of America Corp. (BAC) and Barclays PLC (BCS) to extend Zell's option to buy their rema...

    2. Equity Residential 4Q Net Up 14% As Revenue, FFO Improves

      DOW JONES NEWSWIRESEquity Residential's (EQR) first-quarter earnings rose 14% as revenue and a key metric for real estate investment trusts improved.For the second q...

    3. Lehman Says Banks 'Conspired' To Offer Archstone Stake To Zell

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      By Tom HalsWILMINGTON, Delaware (Reuters) - Two years after real-estate mogul Sam Zell's brief control of Tribune Co ended in bankruptcy, warring creditors made thei...

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