Market Overview

AvalonBay Announces Full Exercise of Underwriters' Option to Purchase Shares

AvalonBay Communities (NYSE: AVB) announced Thursday that the
underwriters of its public offering of 14,500,000 shares of common stock
have exercised in full their option to purchase an additional 2,175,000
shares. All shares sold in the offering are being sold at a price of
$130.00 per share. Settlement of the sale of all shares in the offering
will occur on December 5, 2012.

The offering is being made pursuant to an automatic shelf registration
statement that became effective upon filing with the Securities and
Exchange Commission on February 27, 2012. Goldman, Sachs & Co.,
Barclays, BofA Merrill Lynch, Deutsche Bank Securities, J.P. Morgan, UBS
Investment Bank and Wells Fargo Securities acted as joint book-running

See full press release

Posted-In: News Guidance Management

 

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