BofA (BAC) and Barclays (BAC) grant Equity Residential (EQR) more time to submit a bid for their...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

BofA (BAC) and Barclays (BAC) grant Equity Residential (EQR) more time to submit a bid for their 26.5% stake in Archstone, but at a higher minimum price of $1.485B. EQR will have until April 19 to bid, and may use the extra time to prepare an offer for all of Archstone; the remaining stake is held by Lehman. (previously)