NEW YORK, April 29, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Parkway Properties, Inc. ("Parkway" or the "Company") (NYSE: PKY) concerning the proposed acquisition of the Company by Cousins Properties Incorporated ("Cousins").
Under the terms of the offer, Cousins would acquire Parkway in a transaction valued at approximately $2 billion. Pursuant to the deal, Parkway stockholders will receive 1.63 Cousins shares for each Parkway share, currently worth approximately $16.91. According to Yahoo Finance, at least one analyst has set a target share for Parkway stock of $19.50 per share.
Our investigation concerns whether the Parkway board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Parkway shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP