Banc of America Securities LLC, a subsidiary of Bank of AmericaCorp., released the report in response to Post's announcement thatit had received an unsolicited written offer to acquire all of thecompany's outstanding common shares at a price range of $44 to $47per share in cash. The unsolicited proposal would total between$1.9 billion and $2 billion for Post's approximately 43.71 millionoutstanding shares.
Cadim is a division of Caisse de depot et placement du Quebec.Williams is controlled by John A. Williams, former chairman and CEOof Post Properties. He founded the company in 1971.
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