Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

The Archstone IPO was use to negotiate a better price with AVB and EQR. If the deal does not go thru $800M is on the table for LBHI and an IPO for us next year. If the deal goes thru, LBHI still owns a boat load of Archstone properties.

LBHI still own some remaining Archstone properties. LOL 78 and 66 is not all of Archstone properties, not to mention the units in Germany. However, that $9.5B in debt is gone bye bye!


AvalonBay and Equity Residential quarterly dividends are .97 cents and .33 cents, respectively.