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Stock Market & Financial Investment News

News Breaks
November 26, 2012
18:09 EDTAVB, EQRLehman to sell Archstone to Equity Residential and Avalon Bay for $6.5B
Lehman Brothers Holdings, LBHI, announced that it has entered into a definitive agreement to sell full ownership of Archstone Enterprise to Equity Residential (EQR) and AvalonBay Communities (AVB) for cash and stock with an aggregate value of approximately $6.5B. LBHI and its affiliates including Lehman Commercial Paper Inc. will receive $2.685 billion in cash as well as 34,468,085 shares of EQR common stock and 14,889,706 shares of AVB common stock which, on a combined basis and using last Friday’s closing prices, have a value of approximately $3.8 billion. As a result, LBHI and its affiliates will own 9.8% of EQR and 13.2% of AVB based on the shares of each issued as consideration. The purchasers have up to 120 days to close the transaction; the transaction is not subject to a vote of the shareholders of either EQR or AVB and does not have any financing contingencies.
News For EQR;AVB From The Last 14 Days
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July 28, 2015
16:32 EDTEQREquity Residential raises low end of FY15 normalized FFO view to $3.39-$3.45
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16:30 EDTEQREquity Residential reports Q2 FFO 90c, consensus 85c
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July 27, 2015
16:09 EDTAVBAvalonBay sees FY15 core FFO $7.46-$7.60, consensus $7.51
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16:08 EDTAVBAvalonBay sees Q3 core FFO $1.90-$1.94, consensus $1.84
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16:06 EDTAVBAvalonBay reports Q2 core FFO $1.87, consensus $1.92
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15:03 EDTAVBNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Baidu (BIDU), consensus $10.58... Avalonbay Communities (AVB), consensus $1.92... Hartford Financial (HIG), consensus 77c... Southwestern Energy (SWN), consensus 6c... PartnerRe (PRE), consensus $2.35... Allison Transmission (ALSN), consensus 34c... Swift Transportation (SWFT), consensus 37c.
July 21, 2015
10:01 EDTEQR, AVBOn The Fly: Analyst Initiation Summary
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July 20, 2015
16:28 EDTAVBAvalonBay initiated with a Buy at SunTrust
Target $191.
16:22 EDTEQREquity Residential initiated with a Neutral at SunTrust
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