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Company Statement: Equity Residential receives $150 million in Archstone termination fees

( June 6, 2012, 22:00 GMT | Official Statement) -- MLex Summary: Apartment management company Equity Residential has received $150 million in termination fees as a result of Bank of America and Barclays selling their remaining 26.5 percent interest in Archstone to an alternative buyer, Lehman Brothers. Equity Residential could be required to return all or a portion of this sum if it acquires all or substantially all of Archstone by October 4, 2012.Statement follows in full....

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