Lehman Creditors Back $1B Archstone Buy, Wilton Sale

Law360, New York (January 10, 2012, 4:09 PM EST) -- Creditors of Lehman Brothers Holdings Inc. said Monday that they supported its bids to acquire a $1.3 billion stake in Archstone — already 47 percent Lehman-owned — and to sell its shares in Wilton Re Holdings Ltd. for $390 million.

In two statements filed in the U.S. Bankruptcy Court for the Southern District of New York, the official committee of unsecured creditors stated its support for the company's motions to sell its equity interests in Wilton Re and to exercise its right of first offer regarding...
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