Brief: AvalonBay Shareholders Would Receive 2.793 Shares Of Equity Residential Common Stock For Each Share Of Avalonbay Common Stock Owned In Deal - WSJ
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 ((reuters.briefs@thomsonreuters.com;))
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