On CNBC’s Stop Trading segment today, Jim Cramer talked with Alexander Goldfarb from UBS about Archstone Smith (ASN) on a potential buyout. An industry newsletter said that Tischman may be in talks to do a deal with Archstone. He doesn’t know if there are talks right now, but he thinks it would make sense and the companies are atttractive. Apartment Investment Trust (AIV) trades at a 15% discount to net asset value and that concerns are unwarranted. Two of the other three that were noted as potential buys are Essex Property trust (ESS) and Equity Residential (EQR).
Cramer said that he thinks Cleveland Cliffs will be acquired imminently and that stock is up 8% today, and they noted call options activity.
Jon C. Ogg
May 25, 2007
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