Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Zell Shares Lehman View That Archstone Has Value, Lawyer Says

Sam Zell’s Equity Residential took an option to invest in Lehman Brothers Holdings Inc.’s Archstone because it shares the view that there is value in the apartment company, even if its estimate is lower than the $6 billion valuation of Lehman, a lawyer for Equity Residential told a judge.

The option ensured that Zell would have a second chance to invest in Archstone if Lehman bought part of the stake held by Barclays Plc and Bank of America Corp., said lawyer Craig White at a court hearing today.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.