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NEW YORK — A judge Wednesday said Leh man Brothers Holdings Inc. could buy half of two banks’ stakes in the Archstone apartment company for the same $1.33 billion that rival Sam Zell tried to pay for them, the first step toward Lehman’s goal of owning all of Arapahoe County-based Archstone.
Judge James Peck of U.S. Bankruptcy Court in Manhattan approved Lehman’s “right of first offer” provision to buy half of Bank of America Corp.’s and Barclays PLC’s combined 53 percent stake in Archstone, which the banks agreed to sell to Zell’s Equity Residential late last year.
