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Post Properties surges on US$3.9b deal with Mid-America
The combined firm will have a market value of US$17b and become the largest listed apartment landlord
Published Wed, Aug 17, 2016 · 09:50 PM
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New York
POST Properties Inc shares rose the most in seven years after Mid-America Apartment Communities Inc agreed to buy the real estate investment trust (Reit) for about US$3.9 billion, forming a company with about 105,000 multi-family units amid rising demand for rental housing.
Post Properties investors will get 0.71 of a Mid-America share for each of their shares, the companies said in…
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