Parkway, Thomas Properties To Combine In $1.2B Deal
In connection with the deal, Thomas Properties shareholders will receive 0.38 shares of newly issued Parkway common stock in exchange for each share of Thomas Properties stock, for an implied $6.26 per share.
The price and share exchange was decided based on Parkway's closing stock price of $16.37 on Sept. 4, according to the companies.
“Our board believes that the combination...
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