Getty Images The real estate M&A wave continues, this time with two multifamily giants combining in a merger of equals. Equity Residential (EQR) is absorbing Avalon Bay (AVB) in a stock-for-stock transaction, with each AVB share getting 2.793 shares of EQR. This article will examine the merits of the merger and discuss potential investment opportunities. Merger terms It is an all-stock transaction in which each will own roughly 50% of the combined company. | | · All-stock merger of equals of Equity Resident ...