THOMAS PROPERTIES SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Thomas Properties Group, Inc. (TPGI)...
September 16 2013 - 5:00PM
Business Wire
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Thomas Properties Group,
Inc. (“Thomas Properties” or the “Company”) (NYSE:TPGI) for
potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to Parkways Properties,
Inc. (“Parkway”) (NYSE:PKY) in a stock for stock deal valued at
approximately $1.2 billion, including the assumption of debt. Under
the terms of the proposed transaction, Thomas Properties’
stockholders will receive 0.3822 shares of Parkway, or
approximately $6.28 for each share of Thomas Properties common
stock they own, while according to Yahoo! Finance, at least one
financial analyst has set a price target of $7.00 for Thomas
Properties.
Request more information now by clicking here:
www.faruqilaw.com/TPGI. There is no cost or
obligation to you.
The investigation focuses on whether Thomas Properties’ Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Thomas Properties’ shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Thomas Properties and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/TPGI or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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