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Colonial Properties Trust And Mid America Apartment Communities Inc Complete $8.3 Billion Merger

Tuesday, 1 Oct 2013 10:40am EDT 

Mid America Apartment Communities Inc and Colonial Properties Trust announced the completion of the merger of the two companies, forming a combined company with equity market capitalization of approximately $4.9 billion and a total market capitalization of approximately $8.3 billion. The transaction was previously approved by both companies' shareholders at their respective meetings held on September 27, 2013. The combined company, headquartered in Memphis, TN, will retain the MAA name and will trade under the existing ticker symbol MAA on the New York Stock Exchange. 

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