Vivmark Residential Merger: EQR Slides 2.3%, Slicing $4 From Legacy AVB Value
The creation of Vivmark Residential via merger resulted in an immediate mark-to-market loss for shareholders of AvalonBay. At 12:03 EDT, Equity Residential was trading at $64.47. Based on the set exchange ratio, each former AvalonBay Communities share was valued at $180.06, around $4 less than the previous Friday’s closing price.
