And find a solution. Among our guests, three men who understand washington, wall street and Corporate America very well. We have the chairman of president george w. Bushs council of economic adviser, ed lazear, roger altman, and real estate tycoon don peebles. But lets cover this mornings top headlines. We do have a lot in the corporate headlines this morning including Equity Residential and avalon bay communities agreeing to buy archstone from Lehman Brothers holdings. The price tag, about 6. 5 billion in cash and stock. The deal gives lehman cash to help pay its creditors as it liquidates. But it paid 22 billion for this company originally. So 6. 5 billion versus 22 billion, and you can see how lehman got into some of the problems it did. Also this morning, europe set to delay the introduction of stricter rules on bank capital. The eu reportedly prepare to go follow the United States while it lobbies for a reconsideration of the u. S. Stance. The delay could push back the start of ba
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UPDATE: March 2, 2021: TreeHouse Foods said it will name two new independent directors to its board, John Gainor Jr. and Kenneth Tuchman, as part of an agreement with Jana Partners. We are encouraged by the steps the company has been taking, including these director additions, and by the ongoing commitment to unlocking stockholder value, Barry Rosenstein, managing partner of Jana, said in a statement.
UPDATE: Feb. 10, 2021: This story has been updated with reaction from TreeHouse Foods.
Dive Brief:
Jana Partners has taken a 7.5% a stake in private-label food maker TreeHouse Foods, according to a filing with the U.S. Securities and Exchange Commission.