(Reuters) - The sales of at least two other big REITS in the past year have attracted interest from other bidders, and experts say Archstone-Smith could also attract a rival offer.
Archstone-Smith shares were trading around the $61 mark on Wednesday, above the $60.75 per share being offered by real estate firm Tishman Speyer and investment bank Lehman in their cash bid unveiled on Tuesday that values Archstone-Smith at about $13.5 billion.
Read more at Reuters.com Mergers News
Archstone-Smith shares were trading around the $61 mark on Wednesday, above the $60.75 per share being offered by real estate firm Tishman Speyer and investment bank Lehman in their cash bid unveiled on Tuesday that values Archstone-Smith at about $13.5 billion.
Read more at Reuters.com Mergers News
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