Lehman Brothers Holdings Inc. said that it would acquire the remaining 26.5 percent of apartment company Archstone that it did not already own from Barclays Capital and Bank of America Corp. for $1.58 billion, Reuters reported on Friday. The last slice of Archstone was critical to Lehman in order to block real estate investment trust Equity Residential from controlling Archstone's fate. In January, Lehman bought half the banks' stake, or 26.5 percent of Archstone, for $1.325 billion. That came after Barclays and Bank of America struck a deal to sell the 26.5 percent stake to Equity Residential, which was also given the right to bid for the banks' remaining stake.
