Market Features
AvalonBay to Join S&P 500
TSC Staff
01/03/07 - 07:13 PM EST
AvalonBay Communities(AVB) will replace Symbol Tech(SBL) in the S&P 500 Index on a date to be announced.
S&P announced that Symbol is being acquired by Motorola(MOT) in a deal still pending final approval.
Shares of AvalonBay rose $2.89, or 2.2%, to $131.64 in after-hours trading.