AvalonBay (AVB) Prices 14.5M Offering at $130/Share

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Avalonbay Communities (AVB) to Offer 14.5M Shares

November 26, 2012 4:07 PM EST

Avalonbay Communities, Inc. (NYSE: AVB) commenced an underwritten public offering of 14,500,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 2,175,000 additional shares of common stock.

The Company expects to use the... More