STEVENSON, Md. -- (Business Wire)

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Post Properties, Inc. (NYSE: PPS) (“Post Properties” or the “Company”) relating to the proposed buyout of Post Properties by Mid-America Apartment Communities, Inc. (“MAA”).

Under the terms of the agreement, each share of Post Properties common stock will be converted into 0.71 shares of newly issued MAA common stock. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.

If you currently own common stock of Post Properties and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160825006143/en/

Contacts:

Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com

Source: Brower Piven, A Professional Corporation