Getting your player ready...
Barclays and Bank of America may sell their shares of apartment company Archstone after failing to reach an agreement with Lehman Brothers to liquidate the entire business, said two people with knowledge of the banks’ plans.
Barclays and BofA together own 53 percent of Archstone, the Arapahoe County- based apartment-complex owner acquired in a $22 billion leveraged buyout in 2007 led by Lehman, said the people, who declined to be identified because the talks are private. The combined stakes are valued at between $2 billion and $3 billion, said one of the people.
