Simpson Thacher Represents Barclays in Sale of its Remaining Interests in Archstone

The Firm is representing Barclays in connection with Barclays’ and Bank of America’s agreement to sell their remaining 26.5 percent interest in Archstone to Lehman Brothers Holdings Inc. for a purchase price of approximately $1.58 billion. The agreement is pursuant to Lehman’s exercise of its right of first offer. Equity Residential, which also bid on the stake in Archstone, has agreed to the sale. Archstone is a privately-held owner, operator and developer of multifamily apartment properties.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Greenberg Traurig Continues Strategic Expansion of Global Energy Practice, Adds Michelle De Blasi in Phoenix

The international law firm Greenberg Traurig, LLP announced that Michelle De Blasi has joined its Phoenix office as a shareholder and will serve as chair of the office’s Energy & Infrastructure Group and as a member of the firm’s Environmental Group. Prior to joining Greenberg Traurig, De Blasi was a partner with Quarles & Brady.

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Tags:  Greenberg Traurig, LLP | Phoenix

Baker & McKenzie Advises Banque Saudi Fransi on London-listed Sukuk Programme

Baker & McKenzie has advised Banque Saudi Fransi (BSF) in relation to the establishment and listing of its debut U.S. $2 billion sukuk programme. This is the first sukuk programme established by a Saudi bank to be listed on the London Stock Exchange. BSF is a full-service commercial bank in the Kingdom of Saudi Arabia and the groundbreaking London listing further diversifies the bank’s sources of funding.

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Tags:  Baker McKenzie