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Stock Market & Financial Investment News

News Breaks
November 26, 2012
18:09 EDTEQR, AVBLehman 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 Fridayís 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 29, 2014
16:49 EDTEQREquity Residential narrows FY14 normalized FFO to $3.08-$3.12 from $3.03-$3.13
FY14 consensus $3.09.
16:47 EDTEQREquity Residential sees Q3 normalized FFO 77c-81c, consensus 80c
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16:46 EDTEQREquity Residential reports Q2 normalized FFO 78c, consensus 77c
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15:53 EDTEQRNotable companies reporting after market close
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July 25, 2014
13:40 EDTAVB, EQRAvalonBay signals could be indicator for Equity Residential, says BWS Financial
BWS Financial noted that AvalonBay (AVB) and Equity Residential (EQR) overlap in markets and the firm believes AvalonBay's signs of growth could be a barometer for Equity Residentialís report, which is due next Tuesday. BWS remains positive on Equity Residential and maintains it $70 price target on the stock.
July 24, 2014
10:03 EDTAVBOn The Fly: Analyst Upgrade Summary
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08:31 EDTAVBAvalonBay upgraded to Buy from Neutral at ISI Group
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July 23, 2014
16:14 EDTAVBAvalonBay sees 2014 FFO $6.73-$6.87, consensus $6.77
16:14 EDTAVBAvalonBay sees Q3 FFO $1.69-$1.75, consensus $1.71
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16:13 EDTAVBAvalonBay reprots Q2 FFP $1.71, consensus $1.66
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15:30 EDTAVBNotable companies reporting after market close
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10:02 EDTEQROn The Fly: Analyst Initiation Summary
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05:48 EDTEQREquity Residential initiated with a Neutral at Mizuho
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05:48 EDTAVBAvalonBay initiated with a Neutral at Mizuho
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July 18, 2014
10:03 EDTEQROn The Fly: Analyst Downgrade Summary
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06:11 EDTEQREquity Residential downgraded to Market Perform at Raymond James
Raymond James downgraded Equity Residential to Market Perform from Outperform.

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