INVESTOR ALERT: The Law Offices of Vincent Wong Investigates the Sale of Thomas Properties Group, Inc. to Parkway Properties,...
September 16 2013 - 6:14PM
Business Wire
The Law Offices of Vincent Wong are investigating potential
claims against the Board of Directors of Thomas Properties Group,
Inc. (NYSE:TPGI) ("Thomas Properties") regarding possible breaches
of fiduciary duty and other violations of state law in connection
with the sale of the Company to Parkway Properties, Inc.
("Parkway").
Under the terms of the transaction, Thomas Properties'
shareholders will receive 0.3822 shares of newly issued Parkway
common stock in exchange for each share of Thomas Properties common
stock, for an implied price per share of $6.26 based on Parkway's
closing stock price on September 4, 2013. The investigation
concerns whether the Thomas Properties Board of Directors breached
their fiduciary duties to stockholders by failing to adequately
shop the Company to obtain the best possible value for Thomas
Properties shareholders. According to Yahoo! Finance, at least one
analyst following Thomas Properties has set a target price of $7.00
per share.
If you own common stock in Thomas Properties and wish to obtain
additional information, please contact Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.425.1140, or visit
http://wongesq.9nl.me/thomas-properties-tpgi/.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
The Law Offices of Vincent WongVincent Wong, Esq.,
212-425-1140Fax. 866-699-3880vw@wongesq.com
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