MF Company Acquiring Stake in Archstone

Equity Residential, a real estate company that owns and invests in multifamily properties, has agreed to purchase a 26.5% ownership stake in Archstone, which is in the same business, from Bank of America and Barclays Bank PLC, for $1.325 billion in cash. This move is the opening salvo in what is likely to turn into a battle over control of Archstone’s assets.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_490/mf-company-stake-archstone-1027745-1.html

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