as informed in thestreet
Mid-America Apartment (MAA) Stock Lower, Acquires Post Properties in $3.88 Billion Deal
Mid-America Apartment (MAA) Stock Lower, Acquires Post Properties in $3.88 Billion Deal
as well thestreet
Post Properties (PPS) Stock Rising on Mid-America Apartment Deal
Post Properties (PPS) Stock Rising on Mid-America Apartment Deal
additionally usatoday
Mid-America Apartment to pay $4B for Post Properties
Mid-America Apartment to pay $4B for Post Properties
Eric Bolton, Jr., Mid-America Apartment CEO and Chairman of the Board of Directors in an image from MAA's 2015 annual report.(Photo: Mid-America Apartment)Mid-America Apartment Communities will acquire Atlanta-based Post Properties in an all-stock deal valued at nearly $4 billion.Under the terms of the agreement, approved unanimously by both boards of directors, holders of Post common stock will get 0.71 shares of new MAA common stock and own about 32.3% of the combined company with MAA stockholders owning about 67.7%.
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