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

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