AvalonBay Communities, Inc. (NYSE: AVB) and Equity Residential (NYSE: EQR) have received overwhelming shareholder approval for their merger of equals.
More than 99 percent of votes cast at both companies' special meetings supported the merger, representing approximately 90 percent of the outstanding shares for each company as of the record date.
The merger is scheduled to close on August 17, 2026, with each AvalonBay share converting into 2.793 Equity Residential shares.
Upon completion, the merged entity will be named Vivmark Residential and will trade on the New York Stock Exchange under the ticker symbol VMRK starting August 18, 2026.
The final voting results will be detailed in Form 8-K filings with the U.S. Securities and Exchange Commission.