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Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Sat., Sep. 19, 12:21 PM Recent mergers and acquisitions in the Real Estate M&A category.

Slide #25. Parkway Properties, Inc. Thomas Properties Group, Inc.

Acquirer: Parkway Properties, Inc. (PKY)
Acquiree: Thomas Properties Group, Inc. (TPGI)
Details: Parkway Properties, Inc. (NYSE: PKY) ("Parkway") announced that at its special meeting held today, stockholders overwhelmingly approved the proposed merger with Thomas Properties Group, Inc. (NYSE: TPGI) ("Thomas Properties") pursuant to the definitive merger agreement dated September 4, 2013. Approximately 90.23% of the outstanding shares of Parkway's common stock voted with respect to the proposed merger, with approximately 99.88% of the votes cast in favor of the proposed merger.

Parkway is a self-managed office REIT, engaged in the ownership, acquisition, development and leasing of Class A office assets focused on attractive Houston, Texas submarkets. Co.'s portfolio will consist of five Class A assets comprising 19 buildings and totaling approximately 8.7 million rentable square feet in the Greenway, Galleria and Westchase submarkets of Houston, providing geographic focus and operational scale and efficiencies.

Preferred: PKY.PRD



Open the PKY Page at The Online Investor »

Parkway is a self-managed office REIT, engaged in the ownership, acquisition, development and leasing of Class A office assets focused on attractive Houston, Texas submarkets. Co.'s portfolio will consist of five Class A assets comprising 19 buildings and totaling approximately 8.7 million rentable square feet in the Greenway, Galleria and Westchase submarkets of Houston, providing geographic focus and operational scale and efficiencies.

Preferred: PKY.PRD



Open the TPGI Page at The Online Investor »

Company Name: 
Parkway Inc
Website: 
www.pky.com
Sector: 
REITs
Company Name: 
Thomas Properties Group Inc
Website: 
www.tpgre.com
Sector: 
Real Estate
 

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