BRIEF-AvalonBay Shareholders Would Receive 2.793 Shares Of Equity Residential Common Stock For Each Share Of Avalonbay Common Stock Owned In Deal - WSJ

Equity Residential
AvalonBay Communities, Inc.

Equity Residential

EQR

0.00

AvalonBay Communities, Inc.

AVB

0.00

May 20 (Reuters) -

  • AVALONBAY SHAREHOLDERS WOULD RECEIVE 2.793 SHARES OF EQUITY RESIDENTIAL COMMON STOCK FOR EACH SHARE OF AVALONBAY COMMON STOCK OWNED IN DEAL - WSJ

  • AVALONBAY SHAREHOLDERS WOULD BE EXPECTED TO OWN A LITTLE OVER 51% OF THE COMBINED ENTITY, WITH EQUITY OWNING THE REST - WSJ

  • COMBINED AVALON BAY-EQUITY RESIDENTIAL COMPANY EXPECTED TO PAY OUT INITIAL ANNUAL DIVIDEND TO SHAREHOLDERS OF $2.81 PER SHARE - WSJ

Source: on.wsj.com/4tMDxr6

Further company coverage: AVB.N


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