Report: Cadim/Williams Likely Post Buyer

ATLANTA-At least one analyst views Cadim and Williams Realty Advisors LLC as the most likely buyer for locally based Post Properties. The report was issued Wednesday after Post announced a buy-out offer from the two companies.

Banc of America Securities LLC, a subsidiary of Bank of America Corp., released the report in response to Post’s announcement that it had received an unsolicited written offer to acquire all of the company’s outstanding common shares at a price range of $44 to $47 per share in cash. The unsolicited proposal would total between $1.9 billion and $2 billion for Post’s approximately 43.71 million outstanding shares.

Cadim is a division of Caisse de depot et placement du Quebec. Williams is controlled by John A. Williams, former chairman and CEO of Post Properties. He founded the company in 1971.