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NEW YORK — Lehman Brothers is trying to raise about $2.6 billion to buy a controlling stake in Arapahoe County-based Archstone, its biggest real-estate asset, as part of a plan to sell or liquidate the apartment owner for $6 billion or more, according to a person familiar with the plan.
Bankrupt Lehman said in a filing Monday that Archstone is worth “at least” $1 billion more than the $5 billion equity value implied by a bid for part of the company by Equity Residential, founded by Sam Zell. Bloomberg News
