NYSE
PPS

Post Properties, Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Post Properties, Inc. (NYSE: PPS) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Post Properties, Inc. (“Post” or the “Company”) (NYSE: PPS) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Mid-America Apartment Communities, Inc. (“MAA”) (NYSE: MAA).

Under the terms of the agreement, each share of Post common stock will be converted into 0.71 shares of newly issued MAA common stock.  On a pro forma basis, following the merger, former MAA equity holders will hold approximately 67.7 percent of the combined company's equity, and former Post equity holders will hold approximately 32.3 percent.

The investigation concerns whether Post’s board of directors failed to adequately shop the Company and obtain the best possible value for Post shareholders before entering into an agreement with MAA.

If you own the common stock of Post and purchased your shares before August 15, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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