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CHICAGO, Jun 06, 2012 (BUSINESS WIRE) -- Equity Residential (NYSE:EQR) today announced it has received $150 million in terminationfees from Bank of America, Barclays Bank PLC (together, the"Sellers") and Lehman Brothers Holdings Inc. ("Lehman") as a result of Lehman's acquisition of the Sellers'remaining 26.5% interest in Archstone, a privately-held owner,operator and developer of multifamily apartment properties. Should Equity Residential acquire all or substantially all ofArchstone on or before October 4, 2012, the company could berequired to return all or a portion of the $150 million intermination fees. Equity Residential and Lehman are not currentlyengaged in any negotiations regarding Archstone nor precluded fromengaging in or obligated to engage in negotiations in the future. Advisors Morgan Stanley & Co. LLC served as EquityResidential's financial advisor and Hogan Lovells, Morrison &Foerster and Edwards Wildman as its legal advisors on thesetransactions. BofA Merrill Lynch and Barclays served as sell-sidefinancial advisors on these transactions. Kaye Scholer served aslegal advisor to Bank of America and Simpson Thacher & Bartlettserved as legal advisor to Barclays Bank PLC. Gleacher &Company served as Lehman's financial advisor and Weil, Gotshal& Manges served as its legal advisor on these transactions. About Equity Residential Equity Residential is an S&P 500company focused on the acquisition, development and management ofhigh quality apartment properties in top U.S. growth markets. Equity Residential owns or has investments in 427 propertieslocated in 14 states and the District of Columbia, consisting of121,011 apartment units. For more information on EquityResidential, please visit our website at . Forward Looking Statements Statements in this news release, andother statements that Equity Residential may make, includingstatements about the transactions described in this release, maycontain forward-looking or other statements that involve numerousrisks and uncertainties. The statements contained in this newsrelease that are not purely historical are forward-lookingstatements within the meaning of Section 27A of the Securities Actof 1933, as amended, and Section 21E of the Exchange Act of 1934,as amended, including, without limitation, statements regarding themanagement of Equity Residential's expectations, beliefs andintentions. All forward-looking statements included in thiscommunication are based on information available to EquityResidential on the date hereof. In some cases, you can identifyforward-looking statements by terminology such as "may," "can,""will," "should," "could," "expects," "plans," "anticipates,""intends," "believes," "estimates," "predicts," "potential,""targets," "goals," "projects," "outlook," "continue,""preliminary," "guidance," or variations of such words, similarexpressions, or the negative of these terms or other comparableterminology. No assurance can be given that any of the eventsanticipated by the forward-looking statements will transpire oroccur, or if any of them do so, what impact they will have onEquity Residential's results of operations or financial condition.Accordingly, actual results may differ materially and adverselyfrom those expressed in any forward-looking statements. NeitherEquity Residential nor any other person can assume responsibilityfor the accuracy and completeness of forward-looking statements.There are various important factors that could cause actual resultsto differ materially from those in any such forward-lookingstatements, many of which are beyond Equity Residential's control.Equity Residential undertakes no obligation (and expresslydisclaims any such obligation) to publicly update or revise anyforward-looking statement, whether as a result of new information,future events or otherwise. For additional information, pleaserefer to Equity Residential's most recent Form 10-K, 10-Q and 8-Kreports filed with the SEC. SOURCE: Equity Residential CONTACT: Equity Residential MartyMcKenna, (312) 928-1901 Copyright Business Wire 2012 -0- KEYWORD:United States North America Illinois INDUSTRY KEYWORD: REIT Construction & Property Residential Building & Real Estate SUBJECT CODE:Contract/Agreement Merger/Acquisition. I am an expert from hairstraightenerdryer.com, while we provides the quality product, such as Hair Straighteners Flat Iron , China Hair Curling Wands, Hair Straighteners Flat Iron,and more.
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