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Equity Residential’s (EQR +0.8%) purchase of a stake in competitor Archstone has been...

Equity Residential’s (EQR +0.8%) purchase of a stake in competitor Archstone has been blocked by Lehman Brothers' (LEHMQ.PK) estate as it exercises an option to match EQR's $1.33B bid, according to an SEC filing. Sam Zell's firm has an option to buy another 26.5% stake for at least the same price; it has 30 days to make a deal, when Lehman again would have the right to match that offer.
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