Friday, May 11, 2007

Post Properties shares fly on another buyout rumor

(Reuters) - Green Street Advisors analyst Craig Leupold estimated the value of the company's assets are about $54.00 per share, but given the amount of capital-chasing real estate, a bid could be higher.

"All in all, it would be reasonable to expect Post shareholders to net a price in the $54 to $60 per share range after transaction costs if a deal is consummated," he wrote in a research note.


Read more at Reuters.com Mergers News

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