Apartment Investment & Management (AIV: Quote) announced after the close Wednesday that it has commenced a public offering of 11,041,934 shares of its common stock, consisting of 9,000,000 shares to be sold by Aimco and 2,041,934 shares to be sold by selling stockholders. The stock is now down 0.77 on 61K shares.
Apartment Investment & Management traded in a range throughout Wednesday's session and closed up by 0.02 at $27.77. The stock closed challenging the upper end of a 2-month range.
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by RTT Staff Writer
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