Shapiro Capital Voting With Williams

ATLANTA-Going down to the wire, Post Properties Inc. and former Post chairman John A. Williams are confident each will win majority shareholders’ backing in the $10 million proxy voting fight scheduled for Thursday (May 22) at Post Riverside’s Downtown auditorium. At least 500 stockholders are expected to attend the highly publicized event, area brokers tell GlobeSt.com.

Post and Williams each have received last-minute support from name groups. Green Street Advisors, a New York-based real estate investment sales research firm, joins Institutional Shareholders Services Inc. of Rockville, MD in urging stockholders to vote for Post’s existing slate of directors and management.

In Williams’ corner, Sam Shapiro, president, Shapiro Capital Management of suburban Buckhead, GA, has come out strongly for Williams’ corporate candidates, according to a published report.